This is indicator using BB and MA and this what we called BBMA Strategy by Oma Ally.
BBMA Oma Ally Trading Technique (credit to Oma Ally)
In BBMA, BB ( Bollinger Bands ) act as Dynamic Support and Resistance .
SETTING OF BBMA - BOLLINGER BANDS
Period : 20
Deviations : 2
Shift : 0
Apply to : Close
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MA (Moving Average) are used to detect potential entry point. but in this indicator you can use either WMA , EMA , SMA , DEMA or TEMA .
SETTING OF BBMA - MOVING AVERAGE
Ma 5 Hi
Period : 5
Ma Method : Linear Weighted
Apply to : High
Style : Orange
Ma 10 Hi
Period : 10
Ma Method : Linear Weighted
Apply to : High
Style : Red
Ma 5 Low
Period : 5
Ma Method : Linear Weighted
Apply to : Low
Style : Purple
Ma 10 Low
Period : 10
Ma Method : Linear Weighted
Apply to : Low
Style : Fuchsia
Ma 50 (MA Trend)
Period : 50
Ma Method : Exponential
Apply to : Close
Style : Blue
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Color Bar Candle :
RED : Close below lower band
GREEN/LIME : Close/breakout upper band
------------------------------
EXTREME (SIGNAL)
Extreme is an early signal to say the Market journey is beginning to end - but not yet confirmed
Will only confirm when there is a reversal candle.
Extreme is not valid when there is a CS_ momentum, although Ma outside BB.
CHARACTERISTICS OF EXTREME
Ma out of Top / Low BB (will not valid if there is cs_ momentum, although Ma is outside BB)
Reverse candle must exist, as it indicates the journey of a Market is ending (not necessarily 1 or 2 cs_)
Retest candle (entry point)
Entry at Highest or Lowest volume
Entry retest candle at Ma 5 or body candle
-------------------------------
MHV_ (LOSS VOLUME MARKET) (SETUP)
It is a setup for the beginning of long distance Market journey
This setup gives a validation for the Extreme signal earlier
It is to show the loss of strength for the market.
MHV_ is valid once CS_ (direction candle) appear
***If the candle close NOT above or below Top / Low BB after the first Reentry, after MHV_ there is a directional candlestick , then there will be a reentry and after the reentry there is no momentum “COMPULSORY TP”
CHARACTERISTICS OF MHV_ :
Candle CANNOT close above or below Top / Low BB
Must have reverse candle, because reverse candle is confirming the end of the journey (Marking at candle body)
Retest candle (entry point) at Ma 5 or highest volume / lowest at that current time
Must happen after Extreme
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RE-ENTRY
CHARACTERISTICS OF REENTRY
Candle close can not pass Ma 5 / Ma 10
It will be strong when the candle close does not pass Ma 5 / Ma 10 and also Mid BB
Candle close did not come in. He found Ma 5 / Ma 10 and mid BB at that Time would make the re-entry stronger
If there is a re-entry in Ma 5 / Ma 10 and mid BB, the minimum of 3 drops of candles or increments (follow TF) re-entry will be strong
Following market trend, then just search for re-entry and entry
Wait for the second candle, because the first candle validates the reentry and the second candle is for entry
FEEL HAPPY TO USE THIS INDICATOR - DONT FORGET TO LIKE AND FOLLOW ME
BBMA Oma Ally Trading Technique (credit to Oma Ally)
In BBMA, BB ( Bollinger Bands ) act as Dynamic Support and Resistance .
SETTING OF BBMA - BOLLINGER BANDS
Period : 20
Deviations : 2
Shift : 0
Apply to : Close
-------------------------------
MA (Moving Average) are used to detect potential entry point. but in this indicator you can use either WMA , EMA , SMA , DEMA or TEMA .
SETTING OF BBMA - MOVING AVERAGE
Ma 5 Hi
Period : 5
Ma Method : Linear Weighted
Apply to : High
Style : Orange
Ma 10 Hi
Period : 10
Ma Method : Linear Weighted
Apply to : High
Style : Red
Ma 5 Low
Period : 5
Ma Method : Linear Weighted
Apply to : Low
Style : Purple
Ma 10 Low
Period : 10
Ma Method : Linear Weighted
Apply to : Low
Style : Fuchsia
Ma 50 (MA Trend)
Period : 50
Ma Method : Exponential
Apply to : Close
Style : Blue
------------------------------
Color Bar Candle :
RED : Close below lower band
GREEN/LIME : Close/breakout upper band
------------------------------
EXTREME (SIGNAL)
Extreme is an early signal to say the Market journey is beginning to end - but not yet confirmed
Will only confirm when there is a reversal candle.
Extreme is not valid when there is a CS_ momentum, although Ma outside BB.
CHARACTERISTICS OF EXTREME
Ma out of Top / Low BB (will not valid if there is cs_ momentum, although Ma is outside BB)
Reverse candle must exist, as it indicates the journey of a Market is ending (not necessarily 1 or 2 cs_)
Retest candle (entry point)
Entry at Highest or Lowest volume
Entry retest candle at Ma 5 or body candle
-------------------------------
MHV_ (LOSS VOLUME MARKET) (SETUP)
It is a setup for the beginning of long distance Market journey
This setup gives a validation for the Extreme signal earlier
It is to show the loss of strength for the market.
MHV_ is valid once CS_ (direction candle) appear
***If the candle close NOT above or below Top / Low BB after the first Reentry, after MHV_ there is a directional candlestick , then there will be a reentry and after the reentry there is no momentum “COMPULSORY TP”
CHARACTERISTICS OF MHV_ :
Candle CANNOT close above or below Top / Low BB
Must have reverse candle, because reverse candle is confirming the end of the journey (Marking at candle body)
Retest candle (entry point) at Ma 5 or highest volume / lowest at that current time
Must happen after Extreme
-------------------------------------------------
RE-ENTRY
CHARACTERISTICS OF REENTRY
Candle close can not pass Ma 5 / Ma 10
It will be strong when the candle close does not pass Ma 5 / Ma 10 and also Mid BB
Candle close did not come in. He found Ma 5 / Ma 10 and mid BB at that Time would make the re-entry stronger
If there is a re-entry in Ma 5 / Ma 10 and mid BB, the minimum of 3 drops of candles or increments (follow TF) re-entry will be strong
Following market trend, then just search for re-entry and entry
Wait for the second candle, because the first candle validates the reentry and the second candle is for entry
FEEL HAPPY TO USE THIS INDICATOR - DONT FORGET TO LIKE AND FOLLOW ME