divergence software, inc.
Development & Consulting Services
Product Detail
Bollinger Bounce System
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
This indicator is a backtestable trading system based on user-defined Bollinger bands. For a long trade to be considered price must close below the lower band while range (Bollinger band range) is increasing. Then we must have a close inside the bands with range decreasing within the specified number of bars (2 is the default). For a short trade to be considered price must close above the upper band while range is increasing. Then we must have a close inside the bands with range decreasing within the specified number of bars.
Specifications
- Product ID: SYS01
- Study only, no source code provided
- Requires eSignal 12.x or newer