defaults = 13, 5, 5
Buy Signal (GREEN triangle):
Sell Signal (RED triangle):
Read more about the strategy and where to set buy stops and sell stops here: http://swing-trading-strategies.com/boll...
Example: In a Sell Signal, If Stochastic >= 80 AND the candle's OPEN >= UPPER Bollinger Band AND 'Include Reversal Candle Only' is NOT checked, then the candle's OPEN does NOT have to be GREATER than its CLOSE.
Vis Versa for Buy Signals
WHY? This allows you to get more signals from the indicator that a potential reversal is about to happen if it's NOT checked ( aka set to False), you potentially might get more fake outs though.
- Ability to show Bollinger Bands w/ the indicator to save you using up an indicator on Bollinger Bands
- Added the ability to show gray tiny triangles where the center Bollinger Band crosses through a candle*
- You can also set up alerts to tell you when center Bollinger Band crosses through a candle so you don't have to watch the chart constantly**
*Reason: if you have entered a trade and then candles start crossing through the center Bollinger Band it's a good indication that the trend is about to reverse again and you may want to get out
**There is also an alert that will trigger when there is a short signal, a long signal, or center Bollinger Band is crosses through a candle (this allows you to set up 1 alert but really get 3 since TV limits the amount of alerts you can have)