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dman103
Sep 4, 2020 4:30 PM

Bollinger Bands combined with Telson T8 

British Pound/U.S. DollarFXCM

Description

Indicator idea based on classic Bollinger bands and Telson T8 moving average.
The indicator detects Bollinger bands narrowing which should predict a move to a direction.

NOTE: You need to define in the indicator settings (Narrow percentage) the percentage between the upper and lower bands that would be highlighted.
For example: if you set 5%, the indicator will highlight the parts that the upper and lower bands are less than 5% compare the current price (usually close price, but you can define otherwise)

Use the Telson T8 to determinate the trend/direction of the move.
Comments
Mikeillathrilla
hey man, some of the narrow parts fill almost the whole Bollinger band can you fix that, please? love the work
dman103
@Mikeillathrilla, Hey, you can change 'Percent Narrow BB to Highlight' to narrow the area it will fill. Try to reduce this value.
Mikeillathrilla
@dman103, thanks
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