BB Trading
The BB Trading strategy becomes more potent when coupled with the Amibroker data feed. Access to accurate Amibroker data allows traders to fine-tune their Bollinger Bands-based strategy. Traders can confidently make decisions backed by real-time insights, helping them navigate various market conditions using the BB Trading strategy.
//BB trading by Dimaz
//rev 0.1 outlines
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();
_SECTION_BEGIN("Bollinger Bands");
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 100, 1 );
Width = Param("Width", 2, 0, 10, 0.05 );
Color = ParamColor("Color", colorCycle );
Style = ParamStyle("Style");
Plot( BBandTop( P, Periods, Width ), "BBTop" + _PARAM_VALUES(), Color, Style );
Plot( BBandBot( P, Periods, Width ), "BBBot" + _PARAM_VALUES(), Color, Style );
DisplayBBColor=ParamToggle("Display BB Color","No,Yes",1);
ColorBB=ParamColor("BB color",ColorRGB(236,236,236));
if (DisplayBBColor==1) PlotOHLC(Null,BBandTop( P, Periods, Width ),BBandBot( P, Periods, Width ),Null,"",ColorBB,styleCloud+styleNoLabel);
_SECTION_END();
_SECTION_BEGIN("BB Trading by Dimaz");
Sell=Cross(BBandTop( P, Periods, Width ),P);
Buy=Cross(P,BBandBot( P, Periods, Width ));
displayArrow=ParamToggle("Display Arrow","No|Yes",1);
if (displayArrow==1) PlotShapes(IIf(Sell, shapeHollowDownArrow , shapeNone), colorRed, 0, Low, Offset=-50);
if (displayArrow==1) PlotShapes(IIf(Buy, shapeHollowUpArrow , shapeNone), colorRed, 0, Low, Offset=-50);
_SECTION_END();