Moving Band

Moving band is a trend based, custom indicator which combines multiple Moving Averages and Bollinger Band.

Features

• Trend based Indicator
• Does not repaint
• No False Signals
• Works on all Time frames
• Applicable on Forex, Indices and Stocks

Input Parameters

• Show Indicator after Testing: True/False
• Sound an alert: True/False
• Send an email: True/False
• Send a notification: True/False

Signals

• The signals are generated with intersection of multiple Moving Averages with mid Bollinger Band
• Buy when Green arrow appears
• Sell when Red arrow appears

Take Profit and Stop loss:

• Take Profit: Profit should be taken while
• In a Buy position: Red arrow appears
• In a Sell position: Green arrow appears
• Stop Loss:
• For a Buy position: appearance of Red arrow
• For a Sell position: appearance of Green arrow

Timeframe

• Works on all timeframes
• TF preferred for intraday trading - M1, M5
• TF preferred for positional trading - H1, H4

Money Management

• Martingale Strategy can be used to recover losses if any