View Download Details

Categories

Show

dpBMDv1

Here's my take on the Bollinger/MACD indicator. I've added some bells and whistles and think it's an improvement, but what else would I say, right? I find it most useful when it overlays my dpDPO. The yellow dots on the zero line and the white segments on the midline reflect areas in the data where 'flatness' is happening. The degree of flatness is a user input. Watch for the usual squeeze behavior and where it is happening. Validate what the BMD is telling you with what the DPO is doing in the background. The BMD and DPO are justified on opposite sides and I manually sync up the zero lines when NT8 doesn't get it right.

For example, look at 'A' in the screen shot. The BMD is just coming out of a squeeze and the midline has gone from white (flat) to red. The BMD's MACD line has crossed down through the white flat zone. (Red line crossing down through white segment.) We have the red vertical DPO signal line indicating the DPO has gone negative. Finally, we have the dpQGP giving a short signal coming out of its flat zone. Of course, even with all these pieces falling into place, the move might only be a couple ticks, so that's where your experience and 'gut' tell you what to do. The point of the effort is that it gives us an edge over throwing a dart. Just about everything visual is a user-input so you may color code as you wish. I've also include my default template just to speed things along.

Good luck with it. As always, comments are always welcome. You can contact me directly at [email protected].

Category The Elite Circle

Details: dpBMDv1
Category: The Elite Circle

March 9th, 2025
Size: 24.62 KB

Comments/ratings

dk27 March 11th, 2025 11:52 AM

No Comment

rickjames March 11th, 2025 12:11 PM

Can't thank you enought for your efforts and contributi8ons...RJ

RTSE March 12th, 2025 07:04 PM

Thanks for this indicator. I have used it to great effect as another confirmation indicator.

Thanks

TakingStock12 March 12th, 2025 10:17 PM

Very useful.

clickandgrab808 March 23rd, 2025 04:05 AM

No Comment

GT Murphy March 28th, 2025 07:59 PM

No Comment

Trader604 March 29th, 2025 08:11 PM

No Comment

rene6985 April 5th, 2025 10:22 PM

Thank You.
Do you have the rest of the indicator in your chart.
Can I have them.