Bouncing Bollinger tells the trader when the market is about to reverse using 3 candlestick formations as well as the Directional Movement Index Indicator.
When the previous candle has dipped into the upper or lower Bollinger Band and a candle signal appears along with DMI showing un-volatile a signal occurs showing possible reversal ahead.
Features :
- A practical way of recognising when a new reversal is about to occur.
- Choose your favourite signal color.
- Send alerts to either your PC, eMail or mobile device.
- Works on any timeframe.
Settings :
Indicator Settings
- Bollinger Period - Sets the period of the Bollinger Bands moving average.
- Bollinger Shift - Sets the shift value.
- Bollinger Deviation - Sets the deviation of bollinger band.
- Bollinger Price - Sets the value the bollinger band calculation is based on EG close is for closing price.
- ADX Line Period - ADX Line period.
- DMI Price - Sets the value the DMI calculation is based on EG close is for closing price.
Color Settings
- Buy Arrow Color - Sets the buy arrow color.
- Sell Arrow Color - Sets the sell arrow color.
- Bollinger Color - Sets the Bollinger Band color.
