bharatTrader

Blast Off With BB

Based on Larry Williams "Blast Off" indicator. An excellent article describing calculations and usage is here. The indicator uses the same calculations.

It must be noted that "Blast Off" by itself is not a sufficient system for a trade set up.
This indicator adds traditional Bollinger Bands as a support structure for blast off. Generally, a volatility compression followed by a cluster of blast off indicates an aggressive "launch" on the upside or downside.

Explanation
  • Blast off is indicated below the candle bar with an up arrow
  • Blast off candles can be marked (coloured) if preferred
  • Bollinger bands can be enabled for prediction of the direction of the blast ("up" or "down")

The Blast Smooth Length applies a smoothing to the ranges (Open - Close) and (High - Low) over the specified length.
Threshold is the "trigger" that indicates a blast off candidate. It is defined in % terms.
Remove from Favorite Scripts Add to Favorite Scripts

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out