PROTECTED SOURCE SCRIPT
OGT Bollinger Bands Trend Indicator
What Is The OGT Bollinger Bands Trend Indicator?
This indicator is a pullback trend trading indicator which uses the following indicators:
- 200 EMA - Long Term Trend Direction
- 30, 35, 40, 45, 50, 60 EMAs - Shorter Term Trend Direction
- Bollinger Bands - Pullback / Entry Signal
How Are Signals Generated?
Buy
- Price above the 200 EMA
- Price touches lower BB with shorter term EMAs all aligned (not crossed)
- Indicator waits for price to close above midpoint BB with shorter term EMAs all still aligned (not crossed)
Sell
- Price below the 200 EMA
- Price touches upper BB with shorter term EMAs all aligned (not crossed)
- Indicator waits for price to close above midpoint BB with shorter term EMAs all still aligned (not crossed)
Alerts function built in, input settings customisable to show/not show indicators and change colours.
This indicator is a pullback trend trading indicator which uses the following indicators:
- 200 EMA - Long Term Trend Direction
- 30, 35, 40, 45, 50, 60 EMAs - Shorter Term Trend Direction
- Bollinger Bands - Pullback / Entry Signal
How Are Signals Generated?
Buy
- Price above the 200 EMA
- Price touches lower BB with shorter term EMAs all aligned (not crossed)
- Indicator waits for price to close above midpoint BB with shorter term EMAs all still aligned (not crossed)
Sell
- Price below the 200 EMA
- Price touches upper BB with shorter term EMAs all aligned (not crossed)
- Indicator waits for price to close above midpoint BB with shorter term EMAs all still aligned (not crossed)
Alerts function built in, input settings customisable to show/not show indicators and change colours.
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This script is published closed-source and you may privately use it freely.
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