everget

Vortex Bands

A slighty modified version of Better Bollinger Bands . The idea of the experiment was to do a thing like the well-known Vortex Indicator, but an overlay:

Obvious trading rules are:
  • go Long when the blue line is above other two
  • go Short when the orange line is above other two
  • stop when price crosses the basis line

The tool is EXPERIMENTAL. Good luck!
Release Notes:
  • Fix bar coloring
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Comments

Very good indicator.
+1 Reply
everget siddmuk2005
@siddmuk2005, thanks!
Reply
Quite good, lately I've been intrigued by these bottom indies getting utilized on the main chart somehow, this would be a great thing to test as well. Thanks!
+1 Reply
@Owl, you are welcome!
+1 Reply
Nice :) ¿200ema with range/renko candles can be interesting, no? but it's hard best config time for renko or range
Reply
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