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not bed info, thnks
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1. If price touches a rising lower BB (long) or a falling upper BB (short) in the traded time frame, that is a safe entry point.
2. If price touches a lateral (flat) BB and is also touching (or nearly touching) a lateral BB in a higher time frame, that is safe entry for trade in opposite direction.
3. If price touches lateral lower BB (for long) and lower BB on higher tf is distinctly rising, that is a safe long entry (reverse for short).
bb +pa slope
4. If price touches lower BB and macd and/or stochastic on higher TF is showing long, that is safe long entry.
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Is there a indy that will put the distance in Pips from top band to the bottom band at the current time?
Ive been looking into a system to trade the bands indy, long on close above top band and short on close below lower band, with stop at close of candle on opposite side of middle band. bands set to 20 and 1 dev.
Targets are the bands set at 20 and 3 dev. which is also a decent place to reverse the trad. Im using 1hr and 4hr time frame.
its alot like the river trade I know
I what the indy for distance so I can calculate risk easier.
Linear Mode
