OGT Bollinger Bands Trend Indicator by oneglancetrader

trendanalysis movingaverage bollingerbandstrategy bollingbands bollinger_bands pullbacktrade pullback

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.

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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