The Double Bollinger Band consists of an average and two Bollingers and two backgrounds, each of which has separate settings and can be approved more strongly for trades. Moves and vice versa. With the price chart coming out of the second band, the price is much more likely to move in the same direction. To use this feature, we had to use two Bollinger indicators...
The double bollinger band indicator uses a normal bollinger band with a multitude of 2 and on outer band with a multitude of 3. The indicator shows momentum by the price being stuck between the higher or lower bands. If price is in the middle then it is a neutral zone. The band's moving average is a default of 20 sma but included there are two extra simple moving...
Long Trade Setups: To go long (to buy), you have to wait for one of the candlesticks to close above the BB upper band. (background color is green) Short Trade Setups: To go short (to sell), you have to wait for one of the candlesticks to close below the BB lower band. (background color is red) How To Maximize Your Profit? As I explained above, this trading...
There are many traders use Bollinger Bands . The defaults are 20 SMA ( simple moving average ) with 2 deviation and you can use only single and customizable deviation. I have decided to release an advanced version of Bollinger Bands . Most traders use Double Bollinger Bands strategy. However, it's not enough either. We sometimes need more than that. You can...
This script plots two Bollinger Bands (1 and 2 deviations by default).
Allows the use of Bollinger Bands for two timeframes, the multiplier "X" is defined as the multiplier of the timeframes. The default multiplier (x=4) allows you to see the 1H Bollinger Bands at 15 minutes chart. Or 4H Bollinger bands on the 1H chart, etc.