41# DZ TDI RSI with Bollinger Bands

Bollinger Bands Reversal and Trend trading

DZ TDI RSI (Polycromatic Dynamic Zone) adaptive indicator

Submit by Janus Trader

 

 

DZ TDI RSI with Bollinger Bands is an template that can be used for two trading strategies. Trend strategy and reversal strategty. These two trading system are based on Bollinger bands with different deviations and on the DZ TDI RSI (Polycromatic Dynamoic Zone) adaptive indicator that is based on the TDI. This indicator is developped by Denni Mayers the version that is here is developped by Maladen, famous developer MQL.

Time frame H1 or higher.

Currency pairs, majors, minors, indices, gold an oil.

 

Metatrader 4 Indicators:

Bollinger Bands 20 period deviation 4, median price HL/2.

Bollinger Bands 20 period deviation 1.5.

DZ TDI RSI (Polycromatic Dynamoic Zone) defaul setting.

 

DZ TDI RSI with Bollinger Bands Trend trading

Buy

The price breaks the upper band of Bollinger Band with deviation 1.5.

The DZ TDI RSI (Polycromatic Dynamoic Zone) adaptive indicator crosses upward the line.

 

Sell

The price breaks the lower band of Bollinger Band with deviation 1.5.

The DZ TDI RSI (Polycromatic Dynamoic Zone) adaptive indicator crosses downward the line.

 

Exit Position

Initial stop loss at the middle lines of the bollinger bands.

Profit Target predetermind or when the TDI crosses in opposite direction.

DZ TDI RSI with Bollinger Bands reversal trading

This setting is studied for to have less false signals when the price of the pairs are in trend.

Buy

When the price touches the lower Bollinger Bands with deviation 4 wait the the price come back and the candle is completely formed in the Bollinger Bands with deviation 1.5.

The TDI crosses upward the line.

 

Sell

When the price touches the upper Bollinger Bands with deviation 4 wait the the price come back and the candle is completely formed in the Bollinger Bands with deviation 1.5.

The TDI crosses downward the line.

 

Exit Position

Initial stop loss 15-25 pips below/above the bands with deviation 1.5.

Profit Target predetermind or when the TDI crosses in opposite direction.

In the pictures DZ TDI RSI with Bollinger Bands in action.

Trend Trading

DZ TDI RSI with Bollinger Bands
DZ TDI RSI with Bollinger Bands
DZ TDI RSI with Bollinger Bands
DZ TDI RSI with Bollinger Bands

Reversal Trading

DZ TDI RSI with Bollinger Bands
DZ TDI RSI with Bollinger Bands
DZ TDI RSI with Bollinger Bands
DZ TDI RSI with Bollinger Bands

Share your opinion, can help everyone to understand the forex strategy

Comments: 4
  • #4

    Joy22 (Tuesday, 04 December 2018 14:13)

    To make the indicator appear you have to fill in the indicator twice with the MT4 editor, because the latest version of Meatrader 4 has this bag.

  • #3

    Rob (Saturday, 24 November 2018 15:04)

    The Template works well!!

  • #2

    sixiang hao (Saturday, 24 November 2018 14:00)

    DZ TDI RSI with Bollinger Bands This figure indicator does not show up!

  • #1

    Pabs (Wednesday, 21 November 2018 23:05)

    DZ TDI RSI indicator does not appear to be working please help and post a working indicator along with this Tpl

DZ TDI RSI with Bollinger Bands
DZ TDI RSI with Bollinger Bands
DZ TDI RSI with Bollinger Bands.rar
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