Enhanced MACD Bollinger Bands
NOTE: This Bollinger Band based indicator
is no longer available as a stand-alone product. It, along with 7 others, have been incorporated into the
Bollinger Band Suite.
Description -
Click here to view the full size chart
- This volatility and trend indicator shows MACD values plotted as 'dots' with Bollinger Bands. The indicator has two modes, Trend (default) and Counter-Trend.
- Includes Audible alerts for Divergence and
Counter-Trend opportunities.
Trend Mode:
- When the MACD dots rise outside of the upper Bollinger Band, a Buy signal is generated shown as an Up Arrow.
- When the MACD dots fall outside of the lower Bollinger Band, a Sell signal is generated shown as a Down Arrow.
CounterTrend Mode:
- When the MACD dots fall from outside of the upper Bollinger Band, a Sell signal is generated shown as a Down Arrow.
- When the MACD dots rise from outside of the lower Bollinger Band, a Buy signal is generated shown as an Up Arrow.
- By Default, the indicator's alerts will oscillate between buying and selling. When set to show re-entries, it will show all signals regardless of trade direction. Re-entries may be helpful for choosing areas to take profit or re-enter a position if stopped out on a previous trade.
- The indicator will optionally show divergence in price vs MACD, illustrated by Buy and Sell triangles and lines above/below price bars. Audible alerts sounds can be set to built-in or custom .wav files. The indicator's colors can be customized.
Key Features:
- Buy / Sell signals
- Countertrend instances
- Divergence points
- Fully customizable visuals and sounds
