Stochastic Bollinger Strategy

Dec 10, 2018

Bollinger defaults = 20, close, 2
Stochastic defaults = 13, 5, 5

Buy Signal (GREEN triangle):

• BULLISH candle formed
  
• Candle OPEN is LESS than LOWER Bollinger Band
  
• Stochastic (K) is LESS than 20
  

Sell Signal (RED triangle):

• BEARISH candle formed
  
• Candle OPEN is GREATER than UPPER Bollinger Band
  
• Stochastic (K) is GREATER than 80
  

Read more about the strategy and where to set buy stops and sell stops here: swing-trading-strategies.com/bollinger-band-swing-trading-system/

Dec 11, 2018

Release Notes

Added the ability to include/exclude reversal candles only. This setting is turned ON by default.

Example: In a Sell Signal, If Stochastic >= 80 AND the candle's OPEN >= UPPER Bollinger Band AND 'Include Reversal Candle Only' is NOT checked, then the candle's OPEN does NOT have to be GREATER than its CLOSE.

Vis Versa for Buy Signals

WHY? This allows you to get more signals from the indicator that a potential reversal is about to happen if it's NOT checked ( aka set to False), you potentially might get more fake outs though.

Dec 11, 2018

Release Notes

Bug Fix on last release.

Dec 14, 2018

Release Notes

Added the ability to set 1 alert that triggers for short and long, this allows you to only need to burn 1 alert rather than 2 for each pair since TV limits the amount of alerts you can set based on your membership level.

Dec 20, 2018

Release Notes

Added the functionality to allow you to set your upper and lower limits that the Stochastic needs to be above or below, respectively. The default is above 80 or below 20.

Jan 4, 2019

Release Notes

Added the following:

• Ability to show Bollinger Bands w/ the indicator to save you using up an indicator on Bollinger Bands
  
• Added the ability to show gray tiny triangles where the center Bollinger Band crosses through a candle*
  
• You can also set up alerts to tell you when center Bollinger Band crosses through a candle so you don't have to watch the chart constantly**
  

*Reason: if you have entered a trade and then candles start crossing through the center Bollinger Band it's a good indication that the trend is about to reverse again and you may want to get out

**There is also an alert that will trigger when there is a short signal, a long signal, or center Bollinger Band is crosses through a candle (this allows you to set up 1 alert but really get 3 since TV limits the amount of alerts you can have)