Swing trading with the help of Bollinger band and ADX
The ADX and Bollinger Bands strategy work best when the volatility is high enough to produce a big swing in price movement. All you need is to have your live account verified!
Bollinger Band and ADX Retrace Alert v by JustUncleL — indicator script by JustUncleL / | TradingView
Of course, you need to open a live account USD30 from each Forex Broker Below. Both Forex Brokers have excellent rating! The Bollinger Bands is an indicator that helps us gauge volatility in the market as well as overbought and oversold conditions. Bollinger Bands are comprised of three bands which referred to as the upper band, the lower band and the center band. The central Band is a simple moving average, which is normally set at 20 periods and the upper and lower band represent chart points that are two standard deviations away from the moving average.
Bollinger Bands are designed to give you a sense for what the volatility is in the market and how high or low prices are relative to the recent past. Hope that you like the strategies that we share. If you like the strategies here, you will absolutely love our latest strategy The MorningPips Trading System.
The aim of Morningpips is to finish trading by the morning. The conventional approach is that we need ADX to be above 20 for the market to be in a trend. Another factor in judging the strength of the trend is to have a steep slope angle pointing to the upside.
ADX And Bollinger Bands Strategy — Buy Signal. If these two conditions are satisfied, you enter long with a stop 10 pips below the central band. You exit the trade once the ADX slope turns lower. If these two conditions are satisfied, you enter a short position with a stop 10 pips above the central band and exit the position once the ADX slope turns lower.
If you like to learn how to anticipate market movements and stop using lagging indicators , then you will absolutely LOVE our Sniper Trading System. Enter Your Name and Email Below to Download Now Closed Sell EURUSD 1.
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ADX and Bollinger Bands for Swing Trading. XM Broker TickMill We use both of these brokers and proudly promote them! Thank you for your readership. We are truly grateful! The MorningPips Trading System The aim of Morningpips is to finish trading by the morning. Learn and SHARE the Knowledge!
Day-Trading with ADX and Bollinger Bands
Works well on all time frame and Forex Pairs Enter Your Name and Email to Download Now Download this Indicator Now.