Additional Bollinger Bands & Moving Averages
Considering the most recent strategy updates to volatility theory trading by DadShark, I have put together (mostly for myself but I am happy to share it if you can find it useful) this even simpler indicator that allows you to activate 4 Bollinger Bands and up to 4 different Moving Averages at the same time.
In this version, there are no multi-frame indicators because this is supposed to be used mostly for short term trading and very limited values that you can edit.
Just plug in the Longest Over Expanded Period (LOXP) in the 1st BB value and all the rest will be calculated accordingly:
- main BB for the LOXP;
- 3rd standard deviation of the LOXP;
- 1/10th of the LOXP for "virtual CCI" entries/exits (so you don't have to adjust CCI values either);
- 3rd standard deviation of the 1/10th of the LOXP to manage your position risk.
In this version, there are no multi-frame indicators because this is supposed to be used mostly for short term trading and very limited values that you can edit.
Just plug in the Longest Over Expanded Period (LOXP) in the 1st BB value and all the rest will be calculated accordingly:
- main BB for the LOXP;
- 3rd standard deviation of the LOXP;
- 1/10th of the LOXP for "virtual CCI" entries/exits (so you don't have to adjust CCI values either);
- 3rd standard deviation of the 1/10th of the LOXP to manage your position risk.