Bollinger bands - Accurate signal This strategy is designed to increase the Bollinger bands signals accuracy. In order to increase the accuracy, we will support the signals provided by the regular Bollinger bands indicator by candlestick patterns. Simple layout: Apply the "Bollinger bands" indicator to the graph. Wait for the moment when current candlestick (signal) breaks the upper or the lower Bollinger band above or below. Wait for the next candlestick to close after the signal: - If the candlestick closes in the same direction as the signal one (growing at uptrend, falling at downtrend), this signal should be ignored. - If the candlestick closed in the reverse direction, an option should to be bought. - Call option is bought at the bounce off the lower Bollinger band. - Put option is bought at the bounce off the higher Bollinger band.
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