• SMA 20

• Dev 2

• close price

mrtools wrote: Mon Nov 20, 2023 1:32 pm Bollinger Bands Moving Averages with Candlestick Overlay, On/Off Button & MA Filters

Added the averages and prices I have. Also added a on/off button along with auto width candles.

budhi1976 wrote: Sat Jul 20, 2024 5:13 pm Hello mrtools, I am wondering why when I use default bollinger band setting

• SMA 20

• Dev 2

• close price

Yours produce different result?
XAUUSDM1.png

mrtools wrote: Sun Jul 21, 2024 1:22 am Hello,

Had the deviation wrong, so corrected that and added the built in standard deviation as an option to make it the same as regular bbands. Thanks for testing and finding the error.

Cagliostro wrote: Sat Aug 10, 2024 3:27 am Dear @mrtools, I modified and optimized this keltner channel code. Now it works really well on 5M TF, I tested it on gold and trading the rebound from the midline to the break point gives me around 65% wr with 1R-2R. I will include it in the next release of my trading system.

Could it be possible to add an alert when the price touches back the midline? The correct level is the midline price taken when the candle that broke the band closes outside the band. The midline value needs to be recorded as the entry point and an alert should be fired. Let me attach a picture.

PS: if it is doable, it would be great to have an option to add/sub x pips from the retest level, as per my testing often PA does not reach the mid level but misses it by 2-3 pips.

immagine_2024-08-09_191523885.png

Unfortunately my coding skills do not allow me to make this upgrade. Hope you can help!

Thanks!

mrtools wrote: Sat Aug 10, 2024 10:48 am Hello,

For me the midline break is doable but not sure about after the outer band break.

Cagliostro wrote: Sat Aug 10, 2024 2:37 pm The outer bands are ok as is (I can fine tune the levels later), and having also the midline break signal/ alert would let me backtest extensively the configuration. So far, I had positive results with:

XAUUSD
BTCUSD
GBPUSD

and negative or modest results with indexes.

In any case the outer bands break helps often to confirm local trend bias.

Cheers.

mrtools wrote: Mon Aug 12, 2024 12:10 am Added middle cross alerts.

alpha24 wrote: Mon Aug 12, 2024 3:24 am Found This Old TSD Time's Bollinger band of Moving Average by Master Mladen.