About BBands Stop

Just curious, how is the "BBands stop" is calculated?? How it derive & know it's is a uptrend with Blue Line & Red for Downtrend??

I post this question is to find out can we know by just having BBands without the "BBands Stop" indicator to "know" whether
is it a "Blue for Uptrend" or "Red for Downtrend" as some other platform doesn't have this indicator. So, how can we "Know" without the help of the indicator on other platform??

Hope that somebody here can advise me. Thanks!!


http://i131.photobucket.com/albums/p...Joural/002.jpg

Draco: With all due respect to igor and Trend Labs, this indicator is a great idea, poorly implemented. It will eat the life out of your CPU. How it works is there is a trailing stop (which means the TS keeps going down or stays level when the trend is down, even tho the BBs expand and contract with price) which is set when the price closes across the TS, very similar to a ParabolicSAR. I really like the idea and am working on systems/methods to trade with it. I especially like it on small tick size Renko and Range bars.
For instance, build a 2-tick Renko chart, and place this indi on it three times with parms of 1x7, 1x30, and 1x90. If you want to scalp this will show you some nice swings. Ken.
ps: Don't know how it got the name prefix of MTF - of course it works on different time frames, but not multiple from the same instance.
What other platform? I have a Ninja Trader version.

Attached is a non-MTF version that is better on CPU resources.

eagle: Here's one that does backfill all the way back, has 1 buffer for EA to call.

Thanks for the reply & the indicator.

Btw, how does the indicator determine the "Stops", if I don't use the indicator, how can I "see" from the BBands that it's changing a "trend"??

Cheers

1) The first stop is when there is a trend change, the stop is set to the same as the opposite side bb. Then it stays the same as the band as long as the band is going in the direction of the trend, but then when the bb changes direction, it stays level, just like any other trailing stop.
Look at the first blue dot in your picture, the close of that bar is above the previous bars red line = trend change. Then it stays level as the bottom bb goes down.
2) If you have a sharp eye and can stay focused 100% you can do it maually, but it will be difficult. But why, no matter what platform you are on somebody can code this thing.
3) And you didn't tell me what platform you are using.

Kenz987,

Thanks for the reply, I have 2 broker, both are different platform, one is using AccuChart, the other is a web-based charting using java script by the Broker own platform. I'm using MT4 to do charting then set my position on my broker.

I'm asking the question about the BBands stop is to see whether can we "see" without using the indicator on other platform, would like to test my setup on stocks but due to not every broker is using MT4, then I have to "fine-tune" my system.

There are MT4 brokers that have stocks (CFDs etc), that you can test with - BroCo for one, maybe ODL, others. Also, the free version of Ninja Trader can import stock prices (end-of-day data free from Yahoo). Depends on whether you use end-of-day or interday how complicated this can get.

Does anyone have a BBand stop indicator with Mobile alerts please, i would really appreciate it.