Fiji Bollinger Bands Alert
$0.00
Fiji Bollinger Bands Alerts is a Bollinger bands based VTL Client side script. It plots Bollinger bands on the chart and also red and yellow arrows where divergence between price and Bollinger bands is picked by the indicator.
(Downloads - 1755)
Fiji Bollinger Bands Alerts is a Bollinger bands based VTL Client side script. It plots Bollinger bands on the chart and also red and yellow arrows where divergence between price and Bollinger bands is picked by the indicator.
Divergence are forewarning to trend reversal. Red arrows are plotted when there is a divergence between price and upper Bollinger band, it indicates weakness in uptrend and trend reversal.
Similarly the yellow arrows indicate weakness in downtrend and probability of upward move emerging. In the attched image , note that the signals work better in sideways markets, like other Bollinger band strategies.
Also note that the signals failed in strong down trend after the prolonged sideways trend. With parameters in the VTL Script, user can control the best values for Bollinger band periods and standard deviation. The Script will raise visual as well as audio alert when a signal is generated.
Usage
- Download the attachment.
- Copy it to your company VertexFX Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
- Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.
Additional information
| Plugin-Type | Client VTL – Custom Indicator |
|---|---|
| Compatibility |