Originally Posted by lodol2

perfect work thanks


So if I get so quick done I have to give more back!

The following is an explanation of %EBB exit method from Ral Lockhart.
Its a great thing and also useful for smaller timeframes(scalping).


%EBB shift 3 EXIT



take the bands indicator :

deviation: 2.618
Period : 13

early sign of reversal:

%R Williams settings:

13 periodes, lines 10%und 90%

first sign %WPR is above/below 10/90 and turn direction, or cross 10/90 lines.


Moving Average 3 Periodes: settings

Shifted 3 to the left

1) if 3 shift goe out the bollinger band sign of trending and second sign of overbought.
2) shift back into the bollinger band last sell sign

So you have an early warning signal %WPR and a confirmation sign of 3 shift/bollinger cross back.

sometimes the move is not strong enough to see the 3shift outside the bollinger bands then only use %Williams with candle confirmation (Market structure high and market structure low (high, higher high , lower high/ low, lower low, higher low)

So hope this is useful

lodol

Originally Posted by darkkiller

Hello
anyone can edit the code just to remove the middle line of bollinger band?



thanks

Originally Posted by cja

Indicator adjusted as requested


Attachment 46013