Zero Lag 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.
Click here to see a full size chart
Description
- This indicator shows short term price range breakouts, calculated using a 'Zero Lag' moving average plotted with Bollinger Bands.
- The indicator has two modes, Trend (default) and CounterTrend.
Key Features
Trend Mode:
- When the Zero Lag Moving Average dots rise outside of the upper Bollinger Band, a Buy signal is generated shown as an Up Arrow.
- When the Zero Lag Moving Average dots fall outside of the lower Bollinger Band, a Sell signal is generated shown as a Down Arrow.
CounterTrend Mode:
- When the Zero Lag Moving Average dots fall from outside of the upper Bollinger Band, a Sell signal is generated shown as a Down Arrow.
- When the Zero Lag Moving Average 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 Zero Lag Moving Average, 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.
More:
- Visual and Audible Alerts for: Buy / Sell signals
- Countertrend instances
- Divergence points
- Fully customizable visuals and sounds
