Multi-currency trending tool for technical analysis of financial markets Bollinger Prophecy. Draws 3 lines on the chart showing the current price deviations of the currency pair. The indicator is calculated based on the standard deviation from the simple moving average. The parameters for the calculation are the standard double deviation and the period of the moving average, which depends on the settings of the trader himself.
A trading signal is considered when the price leaves the trading corridor. At the moment, the indicator draws a blue or red arrow. The blue up arrow means a buy signal, and the red down arrow means a sell signal.
- Period of average line calculation – Indicator period;
- Number of standard deviations – Changing the distance of the side lines of the indicator from the central one;
- Vertical graphic shift of signals – Visual shift of the arrows away from the indicator lines;
- Type of price – Price types for the indicator.