Many Brokers have close of Day at 5 pm EST. At that close of day look to see where the day candle closed. If closed above the BB 1 band inside the range box then that new day should be bullish. If closed below the BB 1 band then that new day should be bearish. I have two Bollinger Band indicators on my chart. One has a deviation of 2 and the other has a deviation of 1. Day candles have been inside the Bollinger Band (BB) 1 bands which shows me a range box.
Note
At 5 pm EDT close of day new candle turned green and was above the BB 1 band. For the next 10 hours on the 1H chart price rose from 4359.65 to 4359.09.Note
Price rose from 4169.65 to 4359.09
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.