5e_ CaptainBB w/mo-Alerts
with the setups of bollinger and cap bands alongside multiple oscialltor alerts we can see how the mixture of the 3 work on the 2h ethereum chart.
basic rule is if the trend breaches the bollinger and cap band and the oscialltors agree then it is a buy/sell opportunity depending on where the break is made (upper would be sell, lower would be buy).
a cross over of the mid bband (21 ema ) below the mid cap band suggests the trend is negative = short, likewise a cross above the mid cap band suggests the trend is positive = long
watch for rejection around the mid bands area and be prepared to cut long/short early if rejection is seen.
best way to enter the trade is on confirmation and waiting for the price to find support inside the bands, fibonnaci will aid this too.
last tip is to use the daily pivot ; P, R and S to gauge knife catches, targets etc.
be wary on lower time-frames as signals will paint correctly but could be short lived on the chart (and fail without SL or TP).
used with heikin ashi will produce more signals.
using bars will produce the signals shown and color code the trend the best - authors favourite.
candles have same view as bars only colours seem weird.
^^up to you.
FYI bollinger basis is 21ma (not standard 20).
adjust colors to suit and reduce noise. for example dim the vertical bars as they are more for intra-channel scalping
//credit to ChartArt, CapnOscar and Hinco01 for their coding//
basic rule is if the trend breaches the bollinger and cap band and the oscialltors agree then it is a buy/sell opportunity depending on where the break is made (upper would be sell, lower would be buy).
a cross over of the mid bband (21 ema ) below the mid cap band suggests the trend is negative = short, likewise a cross above the mid cap band suggests the trend is positive = long
watch for rejection around the mid bands area and be prepared to cut long/short early if rejection is seen.
best way to enter the trade is on confirmation and waiting for the price to find support inside the bands, fibonnaci will aid this too.
last tip is to use the daily pivot ; P, R and S to gauge knife catches, targets etc.
be wary on lower time-frames as signals will paint correctly but could be short lived on the chart (and fail without SL or TP).
used with heikin ashi will produce more signals.
using bars will produce the signals shown and color code the trend the best - authors favourite.
candles have same view as bars only colours seem weird.
^^up to you.
FYI bollinger basis is 21ma (not standard 20).
adjust colors to suit and reduce noise. for example dim the vertical bars as they are more for intra-channel scalping
//credit to ChartArt, CapnOscar and Hinco01 for their coding//