How to make a robot look for contraction/expansion in the bands. How would one define a BB band contract?
- Indicators: Bollinger Bands ®
- Indicators: Bollinger Bands, BB
- Indicators: Bollinger Bands ®, BB
contraction: when bollinger bands are heading toward each other
expansion: is when they are going away from each other
Tom23824 wrote >>
How to make a robot look for contraction/expansion in the bands. How would one define a BB band contract?
Dear Tom,How to make a robot look for contraction/expansion in the bands. How would one define a BB band contract?
There is a technique using Envelopes (a kind of MA channel like Bollinger Bands but using fixed percentage for upper/lower bands calculation), if upper band of Bollinger Bands is above upper band of Envelopes is consider as expansion and below as contraction vice versa. Hope this will be help.
bro.
brother3th wrote >>
Dear Tom,
There is a technique using Envelopes (a kind of MA channel like Bollinger Bands but using fixed percentage for upper/lower bands calculation), if upper band of Bollinger Bands is above upper band of Envelopes is consider as expansion and below as contraction vice versa. Hope this will be help.
bro.
Dear Tom,
There is a technique using Envelopes (a kind of MA channel like Bollinger Bands but using fixed percentage for upper/lower bands calculation), if upper band of Bollinger Bands is above upper band of Envelopes is consider as expansion and below as contraction vice versa. Hope this will be help.
bro.
Good suggestion...will try it and use it in the EA...
![MQL5 - Language of trade strategies built-in the MetaTrader 5 client terminal](https://c.mql5.com/i/registerlandings/logo-2.png)
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register