ChannelTrend

Potential Breakout (PBO)

Dilihat 649 kali
107
649 6
This is Bollinger Band Width indicator but i called it "PBO" means Potential Breakout. Default value is set at length 20 with 1 Standard Deviation (Narrow).

Upper and Lower Band is filled with blue color to indicate volatility of price movement.
Line chart is represent price movement.

Decision to buy/sell is as following :-

1 - Potential Buy - Price Line turned Green crossed above upper Band. The important things is buy at bollinger band squeeze for low volatility .
2 - Potential Sell - Price Line turned Red crossed below lower Band.

Note : Price breakout from narrow band normally result in rally.
The longer duration of narrow band will result in stronger rally after breakout.
Keluarkan daripada Skrip Pilihan Tambah kepada Skrip Pilihan
i like this strategy...can I apply it at my screener?and how to script this?
Balas
@syedaman, can apply to chart but doesnt work for screener... click indicator button above chart and type PBO, you can access it for your chart.
Balas
No, I haven't.
Balas
Does it repaint?
Balas
Running tests, looks very close to what I was trying to find/create.
Balas
ChannelTrend longhornlove
@longhornlove, acctually this indicator we called it ATOM. Do you know about it?
+5 Balas
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