Wicko Trading

Hello all...

Ok, I have some building blocks to create a trading system.

Basically the Wick-O-Gram indicator (which I have modified to show wicks) uses bollinger bands and wicks to determine where to draw the upper and lower lines.

If a bar is created with a wick with X amount of pips and it breaks the bollinger band, it draw lines and help you identify potential trading opportunities.

Have a play around and lets see if we can build a profitable system!

I don't have time to post some ideas as I need to head of in a while, but I have added a screenshot of how this would look:

* can you spot supply and demand areas?
* can you spot support and resistance areas?
* can you spot breakout areas and failed breakouts
* can you sport reversals?
* etc

Happy Pipping!

Regards,
Vip

Tools:

Chart:
Any currency pair of your choice.

Indicator:
Bollinger Band
Please use values from below indicator variables.

Wick-O-Gram
upperwickvalue = in pips, the size of the wick for a bull bar.
lowerwickvalue = in pips, the size of the wick for a bear bar.
buyline =name of upper line to appear as a visual on the screen
sellline =name of lower line to appear as a visual on the screen
band = bollinger band
dev = deviation
shift = bollinger band shift