this one didnt trigger yet.
Attached Image (click to enlarge)
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{quote} its ok you can explain, just note that it doesnt get mixed up with mine.
Still I can't explaining perfectly due to lack of my English. but maybe one of my favorite way to use this BB then.
in this bellow picture, I use EUR/GBP M5 chart, so the 3 BB settings will look up for 1 H4 range or 48 period of M5 candles.
1. BB period 48, shift 1, apply to close, deviation 2, chartreuse
2. BB period 48 , shift 1, apply to open, deviation 1.5, hot pink.
3. BB period 48, shift 1, apply to median(HL/2) deviation 1, gold.
As you could see, that I mark BB mid lines at open trading day with small rectangular as static horizontal area (work like pivot).
In this bellow picture , yesterday EUR/GBP M5, and today EUR/GBP M5 can you see how to exploit the price action in relation with this BBs lines ? imagine this mid lines (close, open, median) like dynamic pivot, while 3 upper bands like 3 Resistances and 3 lower bands like 3 Supports.
Usually in ranging day, this horizontal rectangles work like magnet where price will frequently visit up and down (mostly on regional crosser pairs like EUR/GBP, EUR/CHF, AUD/NZD, etc)
So, maybe soon today this EUR/GBP will visit current horizontal rectangle.. lol
NIH
Dog + Smile = Beautiful Day