- Bollinger Band Waves
This is the first version of Bollinger Band Waves oscillator.
BBW have two, Overbought levels 100 and upper belt line
and two, Oversold, levels 0 and the lower belt line.
Signals are generated when BBW cross the center line.
Strong signals of opposite directions are generated in or near Oversold, Overbought areas.
Weak signals of same directions are generated in or near Oversold, Overbought areas.
Buy signals while the central line is falling are questionable, and vice versa, They should be ignored.
Test, combine with other indicators.
- BBW.lua
- Bollinger Band Waves
- (3.36 KiB) Downloaded 1793 times
To work you need to have, download BB-Percentages Oscillator.
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