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| Author: | downspin (2011.08.15 10:20) | ||
| Downloaded: | 1095 | ||
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Description: If price pierced upper or lower Bollinger Bands, RSI is overbought/oversold and moves back to 50 you'll get a signal. Of course some false too, but as always MM and tight sl is the key. Recommended timeframe is M5. Added some objects that you are able to prepare for a signal. RSI object gets orange when ob/os and changes to green or red when returns towards 50. BB object gets red or green when Bands were pierced. If there is a higher high/lower low after a sell/buy signal and there is no new signal, RSI should show a divergence and you know what that means ;) Happy pipping | |||
BBR - MQL4 Code Base
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