## Steven Primo Bollinger Band

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### Steven Primo Bollinger Band

In Steven Primo's New and Advanced Ways to Trade Bollinger Band course, he utilizes the following settings for a Bollinger Band/SMA breakout strategy:

The following Steps are used for a long entry.

Step 1: Price must be above the 50 period moving average.
Step 2: Look to buy when FIVE (5) consecutive price bars have closed ON or ABOVE the highest Bollinger Band and create a Pivot High.
Step 3: Enter to buy when price trades ONE (1) pip above the short term high.
If price CLOSES BELOW the HIGHEST Bollinger Band than SCRAP the trade.

The following Steps are used for a long entry.

Step 1: Price must be below the 50 period moving average.
Step 2: Look to sell when FIVE (5) consecutive price bars have closed ON or BELOW the lowest Bollinger Band and create a Pivot Low.
Step 3: Enter to sell when price trades ONE (1) pip below the short term high.
If price CLOSES ABOVE the LOWEST Bollinger Band than SCRAP the trade.

So, I was wondering if we could get this set of indicators coded? The 20 period Bollinger with 0.382 and -0.382 deviation. Better still, just make the period and deviation customizable to whatever deviation one wants.

I'd like to have the following options on the indicator.

1. An arrow that indicates the FIFTH (5th) candle/bar that has closed above or below the highest or lowest Bollinger when Price is either above or below the 50 period moving average.

2. A line drawn from either the high or low of the close of the FIFTH (5th) bar with another arrow drawn on the candle/bar that subsequently closes above or below it.

I've included a mock draft image of the EURUSD 4hr chart that satisfies these rules. I'm using the High/Low/Close of a 20 Period EMA to illustrate the Custom Bollinger Band Primo uses.

3. Finally, I would like the option of NOT SHOWING the Bollinger Bands and/or Moving Average. So the parameter settings could look something like this.

Bollinger Band Period X
High Deviation X
Low Deviation X
Bollinger Band Style X
Bollinger Band Width X
Show Bollinger Band Yes/No

Moving Average Type SMA/EMA/etc...
Moving Average Period X
Moving Average Style X
Moving Average Width X
Show Moving Average Yes/No

Fifth Bar Close Line Type X
Fifth Bar Close Line Width X
Fifth Bar Custom Arrow Type Long (Wingdings #)
Entry Bar Custom Arrow Type Long (Wingdings #)
Fifth Bar Custom Arrow Type Short (Wingdings #)
Entry Bar Custom Arrow Type Short (Wingdings #)
jrichardson83

Posts: 79
Joined: Thu Jan 01, 2015 1:03 pm

### Re: Steven Primo Bollinger Band

Your request is added to the development list under Id Number 3913

or an entity that can trade.
Strategies can not have graphics elements like lines or indicator outputs.

Apprentice
FXCodeBase: Confirmed User

Posts: 17168
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

### Re: Steven Primo Bollinger Band

Apprentice wrote:Your request is added to the development list under Id Number 3913

or an entity that can trade.
Strategies can not have graphics elements like lines or indicator outputs.

Thanks for responding, Apprentice.

I'm interested in a set of indicators.
jrichardson83

Posts: 79
Joined: Thu Jan 01, 2015 1:03 pm

### Re: Steven Primo Bollinger Band

Apprentice wrote:Your request is added to the development list under Id Number 3913

or an entity that can trade.
Strategies can not have graphics elements like lines or indicator outputs.

The Bollinger Band code has already been developed with this indicator. However, I'm wondering if there is some restriction in Marketscope for negative deviation values? I don't assume so because the Jurik Moving Average, for example, allows for negative values up to 100 for the phase parameter.
Attachments
Fully customizable Bollinger Band.lua
jrichardson83

Posts: 79
Joined: Thu Jan 01, 2015 1:03 pm

### Re: Steven Primo Bollinger Band

Apprentice
FXCodeBase: Confirmed User

Posts: 17168
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia