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Bollinger Reversal Pro
One usually does not believe in simple things, but the simple may work very well. One of the most effective Bollinger Bands strategies is its simplest setup: Bollinger reversal. The logic is straightforward: a bullish signal is generated when the market bounces up from the lower band, while a bearish signal is produced when the market bounces down from the upper band. Despite its incredible simplicity, this strategy is super effective - as it is often said "the simpler, the better".
Our Bollinger Reversal Pro indicator recognizes the bouncing of price at upper/lower bands by checking if there is a candle with its part protruding from the Bollinger Bands by at least X ticks, where X is user-defined. This special algorithm makes sure that only the most substantial reversals are taken into account, hence increasing the probability of sustained reversing moves after the reversal candle.
Depending on your instruments and timeframes, you can set the offset of the Bollinger Bands to 2, 2.5, or even 3 standard deviations. The higher the offset, the fewer the signals but these signals tend to be of higher quality. The signals generated by Bollinger Reversal Pro are extremely reliable in sideways markets. They are also very valuable in trending conditions but you have to keep in mind that you only take signals in the direction of the prevailing trend: use only bullish reversals in an uptrend and only bearish signals in a downtrend. Don't trade against a major trend!
Let's watch the video above for a detailed introduction to how to use this simple-yet-effective indicator.
Sound alert (configurable rearm)
Email alert (possibly configured as SMS alert)
Message displayed in Alerts Log window
- Signal_State: 1 = above upper band, -1 = below lower band, 0 = inside
- Signal_Trade: 1 = bullish, -1 = bearish, 0 = no signal
Ready to use out of the box
Fully configurable & customizable with ease
- 01 Jan 2023 - The indicator was released (build new).
Bollinger Reversal Pro $$5 5John100%I would like to start by saying that all ninZa.co indicators are top-notch. I have to admit that Support/Resistance Radar is my favorite. However, I have had great experiences with Superior Stochastic, Solar Wind, MA Crossover, Half Trend Pro, and now Bollinger Reversal Pro. With this month's discount, I plan to purchase both Volume Delta and Divergence Engine. I am looking forward to checking them out. I highly recommend ninZa.co to every futures group I am in. I proudly show my charts and let people know about ninZa.co's indicators.
These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.
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