OmniTrader Forum : OmniTrader General Discussion : Bollinger Band Crossover modify query

You are currently browsing as a guest.
You should logon to access more features

A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.

Current location		Thread information
OmniTrader Upgrade Forums OmniTrader General Discussion Bollinger Band Crossover modify query		Last Activity 12/30/2024 1:50 PM 2 replies, 632 viewings

Jump to page : 1
Now viewing page 1 [25 messages per page]

< Previous Thread :: Next Thread >

Printer friendly version

^ Top

Rean

Veteran

Posts: 105

Joined: 8/30/2013
Location: Johannesburg, South Africa

User Profile

Subject : Bollinger Band Crossover modify query
Posted : 6/11/2023 2:37 AM
Post #48825

Is there a way that the standard Bollinger Band Crossover system can be modified to fire long when price closes above the upper band, or short when price closes below the lower band. I have Omnitrader 2022 RT (not pro).

[Edited by Rean on 6/11/2023 2:49 AM]

^ Top

Barry Cohen

Sage

Posts: 6338

Joined: 1/19/2004

User Profile

Subject : RE: Bollinger Band Crossover modify query
Posted : 6/12/2023 5:12 PM
Post #48826 - In reply to #48825

These are the conditions you're wanting. You can either make an OL system that does this (would require Pro though & it's probably easy to make this) or you can add a filter in a strategy that only passes signals if it meets these conditions. There's a strategy template called "Filter by Indicator" you can use for that. It's a selection when you create a new strategy from scratch.

Long: C > BOL_UPPER(13,2)
Short: C < BOL_LOWER(13,2)

^ Top

Rean

Veteran

Posts: 105

Joined: 8/30/2013
Location: Johannesburg, South Africa

User Profile

Subject : RE: Bollinger Band Crossover modify query
Posted : 6/13/2023 5:38 AM
Post #48827 - In reply to #48825

Thanks Barry, it works well.

I updated the filter slightly so that it only fires when actually crossing the bands.

Long
C[1] < BOL_UPPER(20,1) and C > BOL_UPPER(20,1)

Short
C[1] > BOL_LOWER(20,1) and C < BOL_LOWER(20,1)

Jump to page : 1
Now viewing page 1 [25 messages per page]

< Previous Thread :: Next Thread >

Legend			Action		Notification
Administrator Forum Moderator	Registered User Unregistered User		E-Mail this thread to a friend		Toggle e-mail notification

For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.