MTF Bollinger Signal Indicator (Bottom\Top Picker)

ChartSecret

Master Trader
Jun 26, 2009
91
0
62
www.chartsecret.com

Attachments

finikas

Master Trader
Nov 21, 2012
52
0
47
I have created the following Multi Currency Bollinger Bands Indicator.
You can select which 10 currencies to view as well as the MA period and number of deviations.

What it gives you is
1) How wide the Bands have been in pips for the last 7 periods in order for you to measure volatility , find if there is a squeeze or a breakout occurring.

2) The location of the market price within the bands for the last 7 periods (0% meaning is at the bottom band, 100% at the top band). This can help you spot if a bollinger bounce is about to happen.

You can get it and read more about it here.
http://www.theforexcabin.com/trading-systems/bollinger-bands-trader/

Let me know what you think.
 

Attachments

Last edited: