Multiple Band DeviationsTEAMTRADER wrote: Fri Apr 05, 2024 2:43 am Here is an easy to follow template. Similar to Guppy MMA only - in my opinion - more simple for those who understand how BB's work.
I have named them MBD - for Multiple Band Deviations.
The template is specificallyfor 1m scalper chart traders.
The alert is for ease of trading.
If trading longer periods than 1m scalping change the setting to 21-4-4.
TEAMTRADER
(on/off button)
credit: TEAMTRADER
released date: April 4, 2024
template for mt4: Multiple Band Deviations template by TEAMTRADER
In this version, you can choose any of the 4 basic Moving Averages: SMA, EMA, LWMA, SMMA.
So how do you trade?
If the candles are hugging the upper bands, then go LONG.
Vice versa for shorts.
If the candles are hugging the lower bands, then go SHORT.
