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FTT Plus BBMA
The FTT Plus BBMA indicator combines Bollinger Bands with a unique 3-candle momentum pattern to identify potential trend reversal signals. It is designed for traders who follow price action and volatility-based strategies.
🔹 How It Works:
Bollinger Bands (20, 2) – Used to identify overbought and oversold conditions. The upper and lower bands act as dynamic support/resistance levels.
FTT Candlestick Pattern – A 3-bar pattern that confirms momentum shifts before a potential breakout.
🔹 Bullish Signal (BUY):
Triggered when the following conditions are met:
Candle-2: Bullish (close > open)
Candle-1: Bearish (close < open)
Current Candle: Bullish (close > open)
Price breaks above the previous high
Price closes above the upper Bollinger Band
🔹 Bearish Signal (SELL):
Triggered when:
Candle-2: Bearish (close < open)
Candle-1: Bullish (close > open)
Current Candle: Bearish (close < open)
Price breaks below the previous low
Price closes below the lower Bollinger Band
🔹 Visual Features:
Candles are highlighted in cyan for bullish signals and yellow for bearish signals.
BUY (triangle up) and SELL (triangle down) labels appear directly on the chart.
Built-in alert conditions for both signals (BUY / SELL).
🔹 Best Used On:
Timeframes: 5min to 1 hour (scalping & intraday)
Markets: Forex, Crypto, Stocks, Indices
🔹 Note:
This indicator works best in trending or high-volatility conditions. Avoid using in choppy or sideways markets without additional filters.
🔹 How It Works:
Bollinger Bands (20, 2) – Used to identify overbought and oversold conditions. The upper and lower bands act as dynamic support/resistance levels.
FTT Candlestick Pattern – A 3-bar pattern that confirms momentum shifts before a potential breakout.
🔹 Bullish Signal (BUY):
Triggered when the following conditions are met:
Candle-2: Bullish (close > open)
Candle-1: Bearish (close < open)
Current Candle: Bullish (close > open)
Price breaks above the previous high
Price closes above the upper Bollinger Band
🔹 Bearish Signal (SELL):
Triggered when:
Candle-2: Bearish (close < open)
Candle-1: Bullish (close > open)
Current Candle: Bearish (close < open)
Price breaks below the previous low
Price closes below the lower Bollinger Band
🔹 Visual Features:
Candles are highlighted in cyan for bullish signals and yellow for bearish signals.
BUY (triangle up) and SELL (triangle down) labels appear directly on the chart.
Built-in alert conditions for both signals (BUY / SELL).
🔹 Best Used On:
Timeframes: 5min to 1 hour (scalping & intraday)
Markets: Forex, Crypto, Stocks, Indices
🔹 Note:
This indicator works best in trending or high-volatility conditions. Avoid using in choppy or sideways markets without additional filters.
Skrip sumber terbuka
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.