Bollinger%B Histogram phases

Bollinger%B Histogram phases

This indicator uses the Bollinger%B which is a buy and sell indicator.

Being correlated to the Bollinger, by decreasing the values of this indicator, you get a momentum of intensity.

I have therefore chosen to use the 50-100-150-200 values for momentum.

It will indicate the phases on which the price is most likely to explode up or down.

However, to be more relevant and to limit false signals, I recommend using it with ichimoku, not for the trend it gives us, but for these signals to enter into position

Reminds: Tenkan + Kijun break or trend oriented Tenkan break

The values of this indicator make it more useful for scalping in order to limit false signals and benefit from the best opportunities this indicator offers.

Units larger than M5 will have no use unless you change the values 50-100-150-200 and the values 75 and 25 to find the best combination.

I recommend working on your own strategy.

Sincerely yours,

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Dunstan • 303 days ago #

    I would like to get guidance_ How do I access and attach this indicator to my MT5 platform…

    • Nicolas • 302 days ago #

      You can’t, use prorealtime, it’s way better

  2. jc84 • 10 days ago #

    Thank you very much for this indicator , not provided by PRT
    I was actually working at this realisation when i saw your presentation !!!

    As you said the Bollinger %B is one og the best indicator for Buy/Sale , providing a good help with Bollinger

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