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Bollinger Bands Oscillator


The Bollinger Bands Oscillator is an oscillator based on John Carter’s “Mastering the Trade” strategy. The strategy is aimed at tracking movements from low to high volatility.

The Bollinger Bands Oscillator measures the momentum of the market. As the volatility increases, the Bollinger bands become wider and surround the Keltner channel. The Bollinger Bands Oscillator uses the Bollinger bands and the Keltner channel. The Momentum indicator is also used to confirm signals for opening positions.

Currency pairs: any currency pairs (the main ones are recommended)

Timeframe: any, recommended H1 and higher

  • Bollinger_Period – the period of the standard Bollinger Bands indicator.
  • Bollinger_Deviations-deviation of the standard Bollinger Bands indicator.
  • Keltner_Period – the period of the Keltner channel.
  • Keltner_Factor – coefficient of the Keltner channel.
  • Momentum_Period – the period of the standard Momentum indicator.
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