Support Board
Date/Time: Sat, 04 Jan 2025 08:04:07 +0000
Post From: Bollinger Band Breakout
| [2016-05-25 15:17:53] |
| User28914 - Posts: 87 |
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I have an indicator on my Trade Navigator chart that i would like to have on my Sierra chart. I call it the Bollinger Band Brake-out trade or BBB for short. When the price goes out side of the BB by 2 ticks or more the price will reverse for x number of ticks. Here is a copy of the code that i wrote for TN charts. This puts a red down arrow at the top of the bar that exceeds the upper BB by 2 or more ticks and closes below the UBB. (High - Bollinger Upper Band (Close , 12 , 2)) > .2 And Close < Bollinger Upper Band (Close , 12 , 2) And ((Bollinger Upper Band (Close , 12 , 2) - Bollinger Lower Band (Close , 12 , 2)) * 10) > 24 … the BB width also has to be more than 24 ticks wide. I do the same thing for the price going below the LBB. Any thoughts on how to implement this? |