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However, if price goes on a long trending run, then we can see long periods where price does not move back to the mean and middle band. This is where using Bollinger Bands in trending markets can be used. In strong trending markets where the move has a lot of momentum price will spend a lot of time away from the mean.
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If you are trying to trade looking for price to reverse back into the mean and middle band in these market conditions it can lead to endless stop-outs. Bollinger Bands react to price as it is being created in live time. They will constrict and expand as price moves depending on what the price action is doing. Using other technical analysis and indicators with Bollinger Bands can help you more clearly identify the trend and also confirm potential trades.
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One strategy is to use another moving average such as the 50 EMA. When all the bands are clearly under the 50 EMA you could look for short trades. The opposite would be true if price was trending higher and all the bands were above the 50 EMA. See the example below of the clear trend lower with all the bands below the 50 EMA.
Because Bollinger Bands can be used on many markets and on all time frames they can make a great tool for scalping. They can also be a good indicator to find scalp trades because if done right they will help you find fast moving markets where there could be potential for high reward trades.
There are a lot of potential strategies you could test in your own trading, but one scalping strategy is to combine Bollinger Bands with another moving average such as the 50 EMA. Often when a market is moving in a strong trend above or below the 50 EMA price can make sharp moves. When price is making these sharp moves it will often not revert to the mean and middle band for some time. An example of this is on the chart below; price is below the 50 EMA in a down trend.
A potential entry could be when price closes below the lower band.
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The trade could have the profit taken when price eventually does revert to the mean and price closes back above the middle band. When price closes above the upper band entry is taken. When price closes back below the middle band the trade is closed. First make sure you have the correct and best charts to use Bollinger Bands. A box will open on your charts with the standard settings.
You can change these settings as well as the colors you would like the bands to show on your chart. Whilst Bollinger bands can be excellent for gauging the strength of the market, the trend and if a market is overbought or oversold, they should not be used alone. Other technical analysis and indicators will help you confirm your trade entries such as support and resistance, trendlines, moving averages and the MACD. Correct the afl -bollinger band ema explorations. Thread starter arunjrd16 Start date May 14, In this afl buying coming correctly but sell signal get delayed for 5 minutes and coming late please correct it Determines pivots, draws retracements, and explores for them.
If trend is down One is that the previous high was higher, indicating that this is a possible short retracement or one in the making. The other is that the previous high was lower, indicating that this is a possible long retracement in the working.
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However, both depend on opposing pivots. Here, the last piv is a low piv. U have some problem at ur end Afl is working fine Visit the link n copy the Code properly You must log in or register to reply here. Similar threads S. Can Any body correct this afl.
Bollinger bands + EMA FOREX strategy
This showing syntax error Started by subhas Apr 26, Replies: 3. Can u warning correct in afl Started by test Mar 22, Replies: Zerodha - Open Instant Account. This showing syntax error. Apr 26,