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Bouncing Bollinger

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.

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