Build a solid NinjaTrader Bollinger Bands strategy with Superior Bollinger

Overview

Bollinger Bands is one of the most popular indicators in the world of trading as traders can use it in different ways to build effective NinjaTrader Bollinger Bands strategies. Depending on the trading style of each trader, a NinjaTrader Bollinger Bands strategy can be designed for range-trading or trend-trading purposes. Bollinger Bands gives you a perspective on the price and volatility of a specific financial instrument. This classic technical indicator consists of a moving average which is also called the middle band, and an upper band & a lower band placed at an offset from the middle band, where the offset is calculated in the Standard Deviation unit. Our Superior Bollinger indicator is a remake of this classic indicator, supplying for the moving average definition and smoothing configuration, with which you can research & test to build a successful NinjaTrader Bollinger Bands strategy to your wishing. One of the common NinjaTrader Bollinger Bands strategies is the overbought/oversold trading strategy. When the price of a particular instrument crosses below the lower band and then starts bouncing up, a buy signal appears. When the price breaks above the upper band and then starts falling, a sell signal occurs. It is worth noting that this popular NinjaTrader Bollinger Bands strategy only works effectively during range-bound markets. It is a highly risky strategy during a trending period. You can profit from another useful NinjaTrader Bollinger Bands strategy which is called the Bollinger squeeze. A squeeze happens when the volatility of the market drops to a low level, corresponding to a period of narrow Bollinger Bands width. It is well-known that periods of low volatility often lead to periods of high volatility or trend explosion. Therefore, a volatility reduction or a tight width of Bollinger Bands can forecast a significant rise or fall in price. With a squeeze and a later break above the upper band, the strategy indicates a buy signal. On the other hand, with a squeeze and a following break below the lower band, a sell signal appears. Combining Superior Bollinger with other technical indicators can help you establish a comprehensive trading strategy. Key features:

• Plot the traditional Bollinger bands
• Allow choosing any of
  11 popular moving averages
  for the calculation of middle band
• Allow smoothing the middle band (with
  11 popular moving averages
  )
• Allow colorizing the bands based on slope
• Allow painting the cloud between upper band and lower band (with 2 different colors for upper part & lower part)
  NT8 only
• Trigger alerts on Bollinger bands breakout
• Print markers on Bollinger bands breakout
• Colorize bars on Bollinger bands breakout
  NT8 only
• Be NinjaScript ready for advanced usage, only restricted by your imagination
  NT8 only
• Expose dedicated NinjaScript signals
  NT8 only

Dedicated NinjaScript signals:

• Signal_State: 1 = above upper band, -1 = below lower band, 0 = inside