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Bbma

Bollinger Bands + Moving Average (BBMA Oma Ally)Found this strategy in babypips forums.babypips.com This strategy using BB and MA BBMA Oma Ally Trading Technique I’m just sharing this Forex Technique that helping me making positive result. In BBMA, BB (Bollinger Bands) act as Dynamic Support and Resistance. SETTING OF BBMA - BOLLINGER BANDS Period : 20 Deviations : 2 Shift : 0 Apply to : Close Style : Dodge Blue MA (Moving Average) are used to detect potential entry point. SETTING OF BBMA - MOVING AVERAGE Ma5 Hi Period : 5 Ma Method : Linear Weighted Apply to : High Style : Red Ma10 Hi Period : 10 Ma Method : Linear Weighted Apply to : High Style : Yellow Ma5 Low Period : 5 Ma Method : Linear Weighted Apply to : Low Style : Magenta Ma10 Low Period : 10 Ma Method : Linear Weighted Apply to : Low Style : White Ma50 Period : 50 Ma Method : Exponential Apply to : Close Style : Lime . EXTREM (SIGNAL) Extrem is an early signal to say the Market journey is beginning to end - but not yet confirmed Will only confirm when there is a reversal candle. Extrem is not valid when there is a CS momentum, although Ma outside BB. CHARACTERISTICS OF EXTREM Ma out of Top / Low BB (will not valid if there is cs momentum, although Ma is outside BB) Reverse candle must exist, as it indicates the journey of a Market is ending (not necessarily 1 or 2 cs) Retest candle (entry point) Entry at Highest or Lowest volume Entry retest candle at Ma5 or body candle MHV (LOSS VOLUME MARKET) (SETUP) It is a setup for the beginning of long distance Market journey This setup gives a validation for the Extrem signal earlier It is to show the loss of strength for the market. MHV is valid once CSA (direction candle) appear ***If the candle close NOT above or below Top / Low BB after the first Reentry, after MHV there is a directional candlestick, then there will be a reentry and after the reentry there is no momentum “COMPULSORY TP” CHARACTERISTICS OF MHV : Candle CANNOT close above or below Top / Low BB Must have reverse candle, because reverse candle is confirming the end of the journey (Marking at candle body) Retest candle (entry point) at Ma5 or highest volume / lowest at that current time Must happen after Extrem TYPES OF MHV 5 types but i can only post 1 photo. So sorry i cant give more on this. RE-ENTRY CHARACTERISTICS OF REENTRY Candle close can not pass Ma5 / Ma10 It will be strong when the candle close does not pass Ma5 / Ma10 and also Mid BB Candle close did not come in. He found Ma5 / Ma10 and mid BB at that Time would make the re-entry stronger If there is a re-entry in Ma5 / Ma10 and mid BB, the minimum of 3 drops of candles or increments (follow TF) re-entry will be strong Following market trend, then just search for re-entry and entry Wait for the second candle, because the first candle validates the reentry and the second candle is for entry
Pine Script® indicator
by makena69
4
BBMA : Bollinger Band & Moving AverageBased on trading technique by Mr Oma Ally, Technical Analysis Guru. 1. Bollinger Band - standard setting, MA20, Dev = 2 2. EMA 50 ( Line Color = Aqua ) 3. WMA High ( wma5 High and wma10 High ) Area Pink : WMA5 High < WMA10 High Area Gray : WMA5 High > WMA10 High 4. WMA Low ( wma5 Low and wma10 Low ) Area Green : WMA5 Low > WMA10 Low Area Gray : WMA5 Low < WMA10 Low 5. If you wish to see wma lines, adjust the transparency at the menu. This is just an indicator setting. For technique and how to apply for trading, kindly please refer to web/youtube/class/etc :)
Pine Script® indicator
by gentradex28
4