Bricklayer's Volatility Meter will calculate Bollinger Bands Width up to 20 different lengths between lowest and highest input. • If it is increasing, the brick will be green. • If it is decreasing, the brick will be red. The idea is that if volatility is decreasing across an increasing number of periods, the market will be ready for different strategies than...
Many technical indicators can be profitable in certain market conditions while failing in others. No indicator is perfect alone. All the best trading strategies involve multiple indicators and leverage the benefit of each of them. The following is an optimised strategy based on Bollinger Bands and the Aroon indicator. The Bollinger Bands are among the most...
Some pairs have their own distinct behavior. That includes volatility, news reactiveness, trend x chop day discrepancy, and other qualities. At first, I tried to measure this with the Choppiness Index, but it looks pretty much alike when you compare symbols like EURNZD and GBPCAD, but my testing shows some major behavioral differences between the two. Hence, I...
This strategy uses a setup consisting of two Bollinger Bands based on the 20 period 20-SMA +/- (a) upper/lower bands of two standard deviations apart, and (b) upper/lower bands of one standard deviation apart. We consider price at +/- one standard deviation apart from 20-SMA as the "Neutral Zone". If price closes above Neutral Zone after a period of...
I added Bolinger bands to the RSI indicator. This shows you the area of reversal for the RSI. Generally, when the indicator falls out of the bands, you'll see a quick reversal. Indeed this is a better way to find the overbought and oversold areas.
This is a Forex Scalping Trading Sytem based on the Bollinger Bands. Its suited for major pairs, with lowest possible comission (below 1 pip) and with timeframes ranging between 1-15 min. Indicators: Bollinger bands ADX RSI Rules for entry: Long Entry: price to move below the upper Bollinger Bands RSI raise above the 30 line and ADX<32 at the same...
This is based on a video I watched while searching for good indicators to use for scanning pumps across the crypto market. You can probably find the video by searching for "Pump Finder On 15 Minute Chart With Best Trading Indicators". The approach presented uses LSMA and BB B% to detect pumps. Results: It does detect many pumps, it also detects many...
This is an improved bollinger band strategy adapted to Nasdaq Index/Stocks. The new update include a multiple logic calculation BB adapted for long and short, together with a risk management using movement in %. Rules for entry For long we have a crossover between the close and the lower band from the bb For long we have a crossover between the close and the...
I discovered a video on YouTube which was published on Jan 22, 2021. I just coded on TradingView. It's performing better in smaller TimeFrames (1m, 5m, ...). How does it work? How to use? This is based on Bollinger Bands and Exponential Moving Average. The logic is so simple: It will wait until the a candle starts to poke out of the BB. When it figures out a...
Just variation of Multi Band oscillator present here: Multi-Band-Channel-Oversold-Overbought-Oscillator Changes are: Instead of regular moving average, here I am using Zigzag Moving average. This is calculated in similar to as explained in: Zigzag-Cloud Instead of ATR, using AZR (Average Zigzag Range) - Average-Zigzag-Range-AZR Rest of the logic...
The Ultimate Moving Average Bands were created by me and @RedKTrader and this converts our Ultimate Moving Average into volatility bands that use the same adaptive logic to create the bands. I have enabled everything to be fully adjustable so please let me know if you find a more useful setting than what I have here by default. I'm sure everyone is familiar with...
Legend: - When line touches or crosses red band it is Top signal (Williams Vix Fix) - When line touches or crosses blue band it is Bottom signal (Williams Vix Fix) - Red dot at the top of indicator is a Top signal (Relative Volatility Index) - Blue dot at the top of indicator is a Bottom signal (Relative Volatility Index) - Gray dot at the bottom of indicator is a...
This simple script based on Bollinger Bands to collect Touch Point at bandsand display them on the map. Detail of rule as below: 1.Define Touch Point 1.1.Touch Point at Lower Band + Key bar: - Open Price lower than BB lower band, Close Price higher than BB lower band + Touch Point: - Median Price (HL2) of Key bar 1.2.Touch Point at Upper Band + Key bar: -...
This is Bollinger Band built on top of Zigzags instead of regular price + something more. Indicator presents 7 lines and cloud around it. This can be used to visualize how low or high price is with respect to its past movement. Middle line is moving average of last N zigzag pivots Lines adjacent to moving average are also moving averages. But, they are...
Hello everyone, With help of open source WD gann codes, i combined this study with Bollinger band with entry & exit conditions. For stock Selection you way chose fixed stock list . These levels has been derived from daily WD GANN Astro Levels. === Rules === Long Entry Condition : Price must be above resistance line with Bollinger band blast will be the best entry...
Hello traders, I would like to introduce you Bollinger bands volume support&resistance multi timeframe script. The benchmark is the Upper Bollinger Band applied on volume with a look-back setting of 233 and a displacement of 3 standard deviations. (There’s nothing magical about the setting of 233, but you should use a long-term parameter so that you get a stable...
Bollinger Bands have been used for many years to determine the volatility and potential reversal area of markets. This script takes standard Bollinger Bands (BB) and transforms it into a heatmap of reversal areas. A basic explanation on how this indicator works is: - Yellow is where the price likes to stay, - Orange is where the price might begin to...
Found this strategy in babypips forums.babypips.com This strategy using BB and MA BBMA Oma Ally Trading Technique I’m just sharing this Forex Technique that helping me making positive result. In BBMA, BB (Bollinger Bands) act as Dynamic Support and Resistance. SETTING OF BBMA - BOLLINGER BANDS Period : 20 Deviations : 2 Shift : 0 Apply to : Close Style : Dodge...