The Elite Circle - TSI Bollinger Bands Indicator
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TSI Bollinger Bands Indicator 5 *
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.

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January 13th, 2012
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