Hi guys .
I couldn't find a proper thread to post this one so I started a new one. If anyone knows one please guide me to post this one there.
I have created the following Multi Currency Bollinger Bands Indicator.
You can select which 10 currencies to view as well as the MA period and number of deviations.
What it gives you is
1) How wide the Bands have been in pips for the last 7 periods in order for you to measure volatility , find if there is a squeeze or a breakout occurring.
2) The location of the market price within the bands for the last 7 periods (0% meaning is at the bottom band, 100% at the top band). This can help you spot if a bollinger bounce is about to happen.
You can get it and read more about it here.
http://www.theforexcabin.com/trading...-bands-trader/
Let me know what you think.
I couldn't find a proper thread to post this one so I started a new one. If anyone knows one please guide me to post this one there.
I have created the following Multi Currency Bollinger Bands Indicator.
You can select which 10 currencies to view as well as the MA period and number of deviations.
What it gives you is
1) How wide the Bands have been in pips for the last 7 periods in order for you to measure volatility , find if there is a squeeze or a breakout occurring.
2) The location of the market price within the bands for the last 7 periods (0% meaning is at the bottom band, 100% at the top band). This can help you spot if a bollinger bounce is about to happen.
You can get it and read more about it here.
http://www.theforexcabin.com/trading...-bands-trader/
Let me know what you think.