HeikinAshi and Bollinger Bands
cBot
3 purchases
Version 1.0, Oct 2024
Windows, Mac, Mobile, Web
5.0
Reviews: 2
Since 26/09/2024
3
Sales
Description
The cBot executes the trade when both Heikin Ashi and Bollinger Bands indicate the same signal.
A smoothing period, which is the number of candles to indicate uptrend or downtrend can be selected. Buy or sell trade will be executed with stop loss, if the Heikin Ashi candles selected in "Smoothing Period" parameter indicate up trend or down trend and also one of the Bollinger Bands candles in the smoothing period signal buy or sell which similar to what Heikin Ashi candles indicate.
Summary
AI summary
This trading bot combines Heikin Ashi and Bollinger Bands indicators to execute trades. It triggers buy or sell orders with stop loss when both indicators signal the same market trend within a user-defined smoothing period, which represents the number of candles analyzed to determine an uptrend or downtrend. The bot evaluates Heikin Ashi candles and Bollinger Bands candles over this smoothing period, confirming trade signals only when both align. This approach aims to filter trades based on the confluence of these two technical analysis tools.
Trading profile
Discussion
Customer reviews
5.0
Reviews: 2
5 | 100 % | |
4 | 0 % | |
3 | 0 % | |
2 | 0 % | |
1 | 0 % |
FAQ
Signal
Bollinger
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Price
Since 26/09/2024
3
Sales