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TSI Bollinger Bands Indicator

Here is an indicator that I had coded for me last year. I recently made a few additions to it.

It's a lot like a MACD Bollinger Band Indicator, but different.

It will paint short, long and neutral bars.

It has a countertrend indicator built into it, which can be turned off (I usually turn it off as it produces lots of signals.)

It has the ability to email the user a trigger signal, which might be useful if you are trading in longer time frames, such as 4 hour or daily.

When I had it coded I was trying to recreate the RMO signals that are available in Metastock. I wanted to switch to Ninja, but at the time I was using the RMO for my trading signals.

I find it most useful when used with a longer term trend filtering indicator.

Category The Elite Circle

Details: TSI Bollinger Bands Indicator
Category: The Elite Circle

January 13th, 2012
Size: 15.22 KB

Comments/ratings

rainbowchaser January 13th, 2012 05:06 PM

Thanks for sharing...will put it to the test.
Kindly may I ask you if you can wide the explanation on how to use it? Maybe couple of examples?
regards

Abde January 16th, 2012 07:12 AM

Looks great - will give it a try, thanks for sharing

Tiberius January 25th, 2012 07:02 PM

thanks peakskill

MasterSS January 27th, 2012 11:19 PM

Thanks peakskill,
great job, a good code