BBands Stop v1:
Modification of Bollinger Bands trend indicator. It can be used for detecting a trend change, as well as for setting stop orders. It is quite descriptive and easy to use.
The indicator changes its color when the chart crosses Bollinger Bands showing trend reversal on the market. Green dots are for buying, orange ones are for selling. Stop-losses are set above/below the dots. The indicator shows good results during a trend but starts to give false signals in case of a flat. Therefore, it is recommended to use this indicator together with some other, filtering indicators.
Author: Nikolay Kositsin
Just to let you know that I got the Alert to work on your indicator, and thank you for sharing it.
Hi Mr. Nikolay,
Could you release the bbands histogram version ?