TOP BEST Trading System & Strategy With Signal Trend Bars Indicator – This day trading setup uses the MACD indicator to identify the trend and the Bollinger Bands as a trade trigger. The MACD parameters are 26 for the fast moving average, 12 for the slow moving average, and 9 for the signal line. These are the standard settings in most chart packages.
The Bollinger Bands settings are 12 for the moving average and 2 standard deviations for the bands.
Bollinger Bands® are not a standalone trading system. They are simply one indicator designed to provide traders with information regarding price volatility.
John Bollinger suggests using them with two or three other non-correlated indicators that provide more direct market signals. He believes it is crucial to use indicators based on different types of data. Some of his favored technical techniques are moving average divergence/convergence (MACD), on-balance volume and relative strength index (RSI).
The bottom line is that Bollinger Bands® are designed to discover opportunities that give investors a higher probability of success.
Signal Trend Bars Indicator
Its one of my best indicators that is always on my charts. This is a small program that i find useful to give me a quick reference as to the current condition of the market, the M1 & M5 give you the short term info as to reversals or retracements, the M15 & m30 give the medium condition, and the H1 & H4 give the daily trend condition.
If the H1 & H4 are the same color the trading range is generally large if different the range is generally smaller and the trading tends to be choppy.
Bollinger Band and Super Simple MACD Trading Rules
Bollinger Band and Super Simple MACD Trading System & Strategy With Signal Trend Bars Indicator That Really Work is a simple momentum strategy based on three advanced visual indicators: MACD, Bollinger Bands, and Stochastic Oscillator.
You can integrate these indicators with your trading systems.
The best performace of this strategy is for the medium range market or market trend.
- Best Time Frame : 15 min or higher:
- Financial markets : any.
Super stochastic buy arrow confirmed by:
- MACD that crosses upward and Heiken Ashi white bar
- Price above upward midle Bollinger Bands
- Signal Trend Indicator green color
Super stochastic sell arrow confirmed by:
- MACD that crosses downward and Heiken Ashi red bar.
- Price below downward midle Bollinger Bands
- Signal Trend Indicator red color
- Initial stop loss on the previous swing.
- Recommended with fast profit target.
If you want to restrict yourself to only high probability trades, take trades only after MACD first crossed the zero line. This rule will keep you in fresh trends and not the maturing ones that are more likely to reverse.