Bollinger Bands Pro : Hawk-Eye (by ImanPJN)
Bollinger Bands Pro: Hawk Eye/ is a professional version of the Bollinger Band Indicator that uses two bands instead of one. This is the second band I call the upper and lower middle band.
Sometimes you see that the candles are rejected from parts of the band and you do not know the real reason.
The real reason is the middle band, which is a secret line that we show you in Hawk eye and give you a professional and complete view of the trend and momentum of the trend.
This important line gives you the dynamic support and resistance points that were previously hidden from you.
The line also allows traders to pinpoint their entry and exit points, as well as notice that trend strengths or trend momentum are being lost.
Now we want to discuss the trading methods and strategies of this indicator, three main strategies that should be considered, the first is following the trend and the second is breaking the line And third is the Bollinger Bands divergences with the "BB %B" oscillator.
1 - Following the Trend :
You can follow the trend and when a good downtrend or uptrend is formed, enter the trade every time candles hits the middle band and bounces back and you can hold the position it until the middle band or baseline is broken .
2 - Breaking the Line :
When the middle band or baseline as our dynamic trend line is broken with a complete candlestick, we can close the trade or trade the reverse trend, but we recommend that you do not use trend reversal signals if you do not have enough skills.
3 - Bollinger Bands divergences :
We can also use the Bollinger Bands and the BB Percentage Index to find bullish and bullish divergence or overbought and oversold points. But it requires more mastery and research on both indicators
Coded by Iman Pajand in Partnership with @BITEXGroup
Sometimes you see that the candles are rejected from parts of the band and you do not know the real reason.
The real reason is the middle band, which is a secret line that we show you in Hawk eye and give you a professional and complete view of the trend and momentum of the trend.
This important line gives you the dynamic support and resistance points that were previously hidden from you.
The line also allows traders to pinpoint their entry and exit points, as well as notice that trend strengths or trend momentum are being lost.
Now we want to discuss the trading methods and strategies of this indicator, three main strategies that should be considered, the first is following the trend and the second is breaking the line And third is the Bollinger Bands divergences with the "BB %B" oscillator.
1 - Following the Trend :
You can follow the trend and when a good downtrend or uptrend is formed, enter the trade every time candles hits the middle band and bounces back and you can hold the position it until the middle band or baseline is broken .
2 - Breaking the Line :
When the middle band or baseline as our dynamic trend line is broken with a complete candlestick, we can close the trade or trade the reverse trend, but we recommend that you do not use trend reversal signals if you do not have enough skills.
3 - Bollinger Bands divergences :
We can also use the Bollinger Bands and the BB Percentage Index to find bullish and bullish divergence or overbought and oversold points. But it requires more mastery and research on both indicators
Coded by Iman Pajand in Partnership with @BITEXGroup
Notes de version:
Expectations are over and a new version of Hawk-eye has been released and Proudly presented to the Persian Crypto Community 🙏🏻😊
Changes :
Changes :
- Added the ability of colored bands for easier detection of descending and ascending bands
A complete Persian document and guide was posted on the Bitex channel