ChannelTrend

Potential Breakout (PBO)

Dilihat 1040 kali
176
1040 8
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
beautiful
Balas
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
longhornlove ChannelTrend
@ChannelTrend, Never heard about it. I do like the strategy, trading outside the Bollinger bands. Can adjust the settings to make it very similar to CCI/mean reversion strategies.
Balas
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