Strategy based on MACD and Bollinger Bands, where BBs are calculatend from macd signal. Strategy doesn't open at breakout of bands but it waits for a pullback. Upper and lower bands are used as resistance and support.
There are various parameters that can be optimized.
I have also a study with alerts.
Please use comment section for any feedback or cointact me if you need support.
What time frame it works on? I tried 3 min time frame for stock market but doesn't look good !
TheAkxis
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@mohsemian, seems like it works with the 1hr timeframe according the sample result posted
bradgeelan
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Hi Freeman
Can you share the one with alerts.
Thanks
TheAkxis
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@bradgeelan, DM me if you need help converting something into alerts
rkvinay
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Hey Freeman,
Can we apply this on stocks or indices. Tried trading on the India Stock market. Charts are not populating. Can you share the one with alerts. Would like to trial it out.
03.freeman
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@rkvinay, I tried with stocks and it works, also with Bombay Stock Exchange (BSE) stocks.
rkvinay
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@03.freeman, Can you advise why one short signal never gives an return buy, But keep generating Short again n again. Not sure if the selected instrument is the one causing this or my interpretation is incorrect.
Testing this on BANKNIFTY with 15min and higher timeframes. Strange view is the signal gives an short while the trades are all going in the other direction.
@03.freeman, Wow. This doesnt show on my charts. Strange thing. Gonna retest it and let you know.
GabrielMihai
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nice work!
sugestion: if it is possible to add one or two more BB. first 1.8 second 2 and third 2.2. i think you can select one of them for signal corection.