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Bollinger Bands Width indicator - fixing BB shortcomings

Bollinger Bands Width indicator - fixing BB shortcomings

September 5, 2023

Bollinger Bands or Bollinger Bands (BB) is a channel indicator that has a serious drawback. It

Bulls and Bears power indicators - who is stronger in the market

Bulls and Bears power indicators - who is stronger in the market

September 5, 2023

The movement of quotes is a struggle between buyers and sellers, trying to push the price in on

Chande Kroll Stop indicator - a tool for setting stops

Chande Kroll Stop indicator - a tool for setting stops

September 5, 2023

Most indicators are used to search for signals to enter the market, a preliminary analysis of h

  • Pivot Size: Decide the “Bar Depend Reversals” window measurement. greater values will spotlight extra vital reversals. 

Different settings management the look of the displayed graphical parts throughout the indicator. 

Utilization 

Missed reversals are highlighted by labels with an inverted arrow, a  Zig-Zag line connecting a missed reversal is dashed. Observe that labels are offset by -Pivot Size bars (except for the newest one), and as such are detected additional forward of their location. 

When a missed reversal is detected, a degree is displayed, beginning on the location of the missed reversal and ending when a brand new missed reversal is detected. 

These ranges can be utilized as help and resistance . 

The latest label estimates the attainable location of a confirmed reversal, and can repeatedly readjust whether or not value makes a brand new greater excessive/decrease low relying on the kind of beforehand detected pivot . A degree can be made out of this estimated reversal.

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Key Features of Algorithmic Trading Software

28 July 2022

1.0

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