anas bolingar band

Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.

Moderator: admin

anas bolingar band

Postby anashassan76 » Mon Jun 04, 2018 3:34 pm

EURUSD m1 (06-04-2018 2108).png

the logic of this indicator . if price close above bb green line buy , if close below red line sell
its trend indicator , some false signal expected when market side rang .

the upper band is calculated with the avarage of high and standard divaiation of high values .
the lower band is calculated with avarage of low and standard diviation of low values .

mid avarage line is calculated with avarage of close values .

recomend for hour trading with current setting .
use ATR to see if there remainig range in the day when intial segnal start .
if a buy signal is generated once , all your trade is buy and you can use CCI or stochastic of or %R value of 6 to reinter for next trade .
anas BB high low.lua
(2.98 KiB) Downloaded 204 times
Posts: 12
Joined: Sun Apr 16, 2017 6:57 am

Return to Custom Indicators

Who is online

Users browsing this forum: Bing [Bot], Majestic-12 [Bot] and 11 guests