Bollinger and TVI Divergences
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The idea is to use divergences between Bollinger Bands ( period 20, deviation 2) and the TVI_ v2 indicator. In truth is not so common to find this kind of divergence but as the idea can be applied to all pairs, you can take one or two signals per day. Quality is always better than quantity.
Let the rules:
1) TP 10 pips - SL 10 pips (low volatile market)
TP 20 pips - SL 20 pips (with reasonable market volatility)
TP 30 pips - SL 30 pips (market with high volatility)
Note: You can use a volatility indicator or bollinger band itself serving for it.
2) Currency Pairs: All Majors.
3) Time Frame - Only 15 Min!
4) Rules for Buy: When the price touches the lower band and the TVI indicator is indicating Buy (wait for the bar close to entering the market because TVI repaint only the current candle)
Example:
5) Rules for Sell: The same used for Buy.
Example:
Note: Despite being little bit time exposed to the market using this system, be always attentive to the news that can change the market sentiment.
I am currently using a bollinger band indicator with alarm, but do some wizard that forum( mladen or mrtools) could make it alarmed only when the TVI was in line? Pleaseee!!!