Custom script I fabricated which I use for Binary Trading on the 1m & 3m charts together with Price action & Time management but the principles are the same for all mediums. Use Price action buy/sell in the clear zones. Use the outer 'pink' horizontal lines (highs / lows / pivots points) to place SL's. I personally run an additional BB 50/2 for clearer BB higher...
*** *** Bollinger Bands (BB) usually expand quickly after a volatility increase but contract more slowly as volatility declines. This extended time it takes for BB to contract after a volatility drop can make trading some instruments using BB alone difficult or less profitable. In the October 1998 issue of "Futures" there is an article written by Dennis...
BBImpulse is part of the latest indicators package offered by John Bollinger. Excerpt from their market blurb (www.bbforex.com): "BBImpulse is derived from %b. Its value is the periodic change of %b, so if %b was 0.45 this period and 0.20 last period the present value of BBImpulse is 0.25. We present two reference levels on the chart, an alert level and an...
To use this indicator. Set pending orders to enter at "Entry", stoploss at "Stop", and profit at "Exit". Close pending order after 10 bars if it doesn't open. Please use this at your own risk. By using this indicator you are agreeing that I am in no way liable for any financial losses that may occur indirectly or directly as a result of using this...
This is my custom channel (Bear Channel!? :)) derived from BB/STARC. It uses both ATR/STDEV for plotting the bounds. I use COG (Center of Gravity) for deriving the baseline. This enables it to track the price action better than many other channels that make use of MAs or simply "close". Indicator also marks "squeezes" (stdev bands come inside ATR bands). Pay...
Indicator allows choosing either MFI or RSI and draws a BB over it to identify oversold / overbought conditions. Oversold/Overbought breaches are highlighted using different colors for easy identification. Has helped me a lot during sudden pumps to identify the tops, hope you find a use for this.
**** [Edit: New version (v02) posted, see the comments section for the code ***** Simple strategy. You only consider taking a squeeze play when both the upper and lower Bollinger Bands go inside the Keltner Channel. When the Bollinger Bands (BOTH lines) start to come out of the Keltner Channel, the squeeze has been released and a move is about to take place. I...