Stay Close Countertrend System

Stay Close Countertrend System

As every trader knows, the Bollinger Band is made up of an average plus/minus the standard deviation. This is a strong concept on which many variations can be made. This variation uses an exponential average based on the “High” plus one standard deviation based also on the “High” and an exponential average based on the “Low” minus one standard deviation also based on the “Low”.

In this variation, the trading system works better as a “Countertrend System” than as a “Trend Following System”. The two parameters, “PeriodHigh” and “PeriodLow”, can be optimized for use in certain stocks, indices, Forex, …

Share this

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?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. superfalcio • 309 days ago #

    Hello, very interesting. Do you have already some tested condiction including timeframe and asset that according to simulation is performing at best?

avatar
Register or

Likes

avatar avatar avatar avatar
Related users ' posts
Fgats
7 months ago
bousalahane hello, thank you for sharing, I’m not top strong in the programation part, there is a way to...
Fgats Hi, With this indicator I just wanted to show the interest that can exist to synthesize th...
davidguerreir how to adapt nbStdSig values ?
sfl what do you think using it with weekly timeframe ?
sfl CAC on Weekly timeframe, long only, short dosent work. Defparam cumulateorders = false ...
superfalcio This kind of strategies coming from Connors research usually work well on timeframes from 1D...
ProRealAlgos Hi Crusoe76. Do you mean that you would like a short version of this?
crusoe76 yes please
banjoo78 Hi, first of all thank you for your sharing. I'm new of ProRealTime and I can't replicate y...
ProRealAlgos Same here ;)
YvesRobert Hello, can someone explain this strategy because I don't understand what the program does ex...
andyfx79 l have been demoing for the past couple of weeks with great results , but during a bear mark...
FXtonio @RICOU en 1 minutes avec un filtre de tendance ZLSMA 200 et eventuellement un rsi 7 , 69% de...
JC_Bywan For people interested in the screener: https://www.prorealcode.com/topic/screener-buy-sell-m...
octum Gracias NJicolas. Las lineas 35 y 36 dan fallo. (¿Es adrede para iniciados?) Puedes co...
Khaled Thank you Nicolas! Looks like TDI (Trader Dynamic Index). Interesting to give Exit Signal as...
Nicolas ColorBetween is an instruction added last year: https://www.prorealcode.com/documentation/co...
bab el franco hello once installed I have no results despite different options of markets or temporality
imonix Have been trying this on demo since Monday before deciding whether to go live with it. Using...
Roberto Blázquez I'm sorry, I've tried it since November 2012 and it's bad results.
Nicolas Ask on an Excel website?!
JJMR HOLA NICOLAS, TENGO LA ULTIMA VERSION ACTUALIZADA DEL INDICADOR TTM SQUEEZE PRO EN LA VERSIO...
imokdesign @nicolas ,if in want to "call" this indicator, which values i have to write down?
Vonasi There are actually two ways to calculate standard deviations and I seem to have used the ver...
Vonasi There are actually two ways to calculate standard deviations and I seem to have used the ver...
segie Can something similar be done with Supertrends?
Vonasi Not sure I fully understand what you are asking for. Are you asking for MTF Supertrend level...
Kris75 very interesting; thanks !
supertiti Bonjour Nicolas, Je ne comprend pas bien , le trend change de couleur quand les prix sont a...
Nicolas Oui ce serait possible, cependant l'indicateur est bien prévu pour conserver la couleur de l...
supertiti Quand tu pourras si tu peux nous coder la troisième couleur cela améliorerait les trades cou...
Zigo Normaly it do work in version 11.
bertrandpinoy Hello to all, please does a coder can bring the indication of the price level on the chart o...
Zigo @bertrandpinoy add between line 50 and 51 : drawtext("#dnh#",barindex,low-2.618*AverageTrue...
supertiti Hello Jan You must use this code in correspondence with other indicators, a code alone do...
Franro Hi, this looks very good is this something you worked towards a strategy?
hua hin Bonjour comment mettre ce programme sur un graphique le lien est en JPG et sur crewation i...
Bard I've also just noticed that changing the "Bands Deviation" setting from 1.25 to eg 3 doesn't...
bartekz Hi @Nicolas, Really impressed by your work. I am trying to replicate the Wave-PM indicator t...
Nicolas You don't have to replicate it, download the file and import it into your platform.
jobswaps Sube como trazar lineas de tendencias a tantas barras
Frankiesc interesting indicator !! Thanks for sharing!!!
robertogozzi Thank you :)
JJ Tec Hola Las condiciones de entrada / salida vienen en el libro de J. Carter Mastering the trad...
Pixeldd Ich bekomme beim einfügen des Indikators einen Fehler angezeigt. Was bitte muss ich genau än...
HarryPro Hello, Firtly there appears to be a typo on line 6 "lenghkc=20" should this be "lengthkc=...

Top