Private Messages Bands Ideas Published Followers Following Priority Support. Maximize your Profits with Bollinger Bands. Bollinger Band Strategy is One of the Most Profitable Strategy Used by the Trades who earn lots buy Money!!! You can't just use Bollinger Bands to Trade and Earn Money as you need to confirm the Break Out Signal that you get after a Bollinger Band Squeeze. Here are some tips how to confirm that: Always looks for Bollinger Band Squeezes as you will find Price Break Outs most of the times 2. Use RSI to confirm the Price Break Out 3. Look for Bollinger Band Width to see whether its Rising as well 5. When there's a Major Price Break out it will go on for 1 -3hrs so you can take multiple entry points to Maximize your profits 6. I would also recommend to check the investing. There will be fake break outs where the price go the otherway 9. You can have stop losses and bands the Trades on the otherway if there's a fake breakout Few other Tips to Enhance the above: Use default MACD to reconfirm the Trend Direction Thanks for the Idea from HamzaLeith 2. For Bullish reversal's and continuations opposite is true for bearish reversals or continuations 1. Price approaches the Buy Zone and the upper and lower bands remain flat. Reversal - Likely a sharp reversal to the lower band. Because both bands are flat this will likely be short lived. Price approaches the Buy Zone and the upper band goes up and the lower band is flat or moving up slightly. Continuation - Price will likely sell up slowly for a time. Price approaches the Buy Zone and the upper band goes up and the lower band goes down. Continuation - Price will likely move up bands and furious. This is the best continuation pattern for the bands. This is a rapid expansion of volatility. You will experience "fake out's" sometimes but most of the time this set-up will produce some good profits when executed properly. Price approaches the Buy Zone and the upper and lower bands both go down. Thank you for the effort, really seems like a good strategy, I think that it can be used in combination with other strategies for extra confirmation as well. Yes you need a combination of other indicators as well and that's why i quickly check investing. I would like to improve this strategy so if you see anything that you think that help to improve this, please comment. You could add 2 MACD's for extra confirmation of momentum. A 12,26,9 and 30,60, I think the direction of the MACD's combined with your strategy should definately give you extra confirmation at these breakout area's. Let sell know how it goes. Sure, I will start testing it, could you please ad a snapshot of the graph above with these MACD's I told you about, to bollinger how that looks like. You can send it to me buy a PM if you don't like to post it here: I think you are missing out some facts. On this chart you present only perfect entries and exits, but you do not present the whispsaws. The signal is basically the same, only difference is price. The BBW is almost at the same level, the RSI is oversold below 30 and there is a hammer at the daily support. Why would bollinger not take this as a long signal, but only the Probably because this is trading in the middle of the chart, not at the right edge. I'm not saying this strategy doesn't work, but when you make a review of a strategy you should take into consideration both the whipsaws and the good signals! Thanks for pointing out this as this will help to improve my strategy to be more accurate. I think you can overcome this if you add a Bollinger Band with Stardard Deviation 1 so that the sell zone is between the below 2 Bollinger Bands and the buy zone is between the upper 2 Bollinger Bands. See the screenshot here: You didn't get my point, look here: Well, yes this is something else. On this chart, you dont enter and exit exactly at the tops and bottoms, unlike the main chart. Sell this looks like a real strategy! Thanks for you contribution to this strategy to improve it further. Thats why I like about Tradingview where you can share your ideas and tweak your own strategies which will help other people as well: Hi there, how did you get those blue buy and sell zones showing on there? Also, what are your bollinger band settings set to? You can view this video to get a better idea about the Double Bollinger Bands Strategy here: Please share the idea if this works for you. Just Setup 2 Bollinger Bands: Bollinger Band BB with Period of 20 and Standard Deviation 1 Lets Say this is your BB 1. Then select your preferred color orange in my example 2. Bollinger Band BB with Period of 20 and Standard Deviation 2 Lets Say this is your BB 2. Then select your preferred color blue in my example Sell Zone: Between the Lower BB 1 and BB 2 Buy Zone: Between the Upper BB 1 and BB 2 Neutral Zone: The strategy is evolving nicely!! The first MACD represents short term PRICE ACTION and the custom MACD is more indicative of Market direction you could say a little more longer term. You probably already know this but I thought maybe it is good to emphasize the MACD's functions one more time. Keep up the good work!! Suranga I've been testing the Bollinger Bands for two weeks now, using them mainly as a trigger in combination with median line analysis Wanted to thank you for highlighting their use!! Yes I have found that: For Buy - 20 SMA line should be flat or moving up For Sell - 20 SMA line should be flat or moving down to have successful trades. Only problem is that you miss trades when you go through the currency pairs manually so I found a solution for that: Hope this will help you as well. If trading view can integrate the alerts like bands I would be really happy! Also you can have the multi conditions in different sell frames if you bollinger but buy a short term trader I have it all in 5min time frame. What I buy about that is you can pretty much automate almost anything that you want to trigger an alert Check here: I notice you are using 5 min time frame. Will an higher time frame provide more accuracy? Yes you always need to check higher time frames to get a bigger picture but when you actually want to trade 15mins - 1hr short term trades it better if you change that back to 5min chart, otherwise you will miss entry point. Guys I wanted to show you something very typical of the use of bollinger bands. It is called a head fake. After the squeeze of the bollinger bands a breakout always occurs. However what is very characteristic with bollinger bands is that many times trades get "tricked" regarding the direction of the breakout by something called a Head Fake. I think we are witnessing one of these right now with the GBPUSD. Take a look at a chart and let me know when you don't understand what I mean or perhaps disagree with with me so we can all learn. Sorry here is the right image This is what I think is the best to over come this. If anyone can Contribute their ideas to enhance this it will help anyone who is interested with this Strategy I guess. I'm Using this example to Discuss this HeadFake: Also I take buy that you only buy if the price is ABOVE the SMA? Best to check in which angles the breakout works and which cases the headfake happens the most. So that you can get a idea what the best angle that you need to use. Hope this make sense: Also the best place to BUY in a breakout Uptrend: So I changed the scale of my 4hr chart to resembel your strategy with the 30 min trade. I had to lock the scale in order to keep the angles remain the same. That is how a headfake looked like. I guess the 20 degree is viable for all timeframes. This is a great article on reversal trading signals with Bollinger bands Previously I was using only BB with Std Deviation Now with addition of BB with Std Deviation 1 has improved by script. It works great bands Futures. Thanks for this post. Working on a complet signal algo including all of this. Blog House Rules Moderators People Chat Chat History Press Referral Program Advertise. Stocks Forex Futures Indices Bitcoin Elliott Waves Harmonic Patterns Sell Analysis. From the creators of MultiCharts. Select market data bollinger by ICE Data services. Ideas Scripts Chart United States. Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out Go PRO Go PRO day Free Trial Join For Free Go PRO Early.
Episode 76: Using Bollinger Band %B to Identify Overbought and Oversold Stocks
Episode 76: Using Bollinger Band %B to Identify Overbought and Oversold Stocks
If your child does not yet have the ability to plan and initiate and persevere, by sticking to this rule, you are helping them learn how to do what their own brain is not yet equipped to do, which is to create the structure for him.
If your child does not yet have the ability to plan and initiate and persevere, by sticking to this rule, you are helping them learn how to do what their own brain is not yet equipped to do, which is to create the structure for him.
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Sometimes you might want to stick to the most interesting facts.
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