Trade Stock Indices

Learn Stock Indices Trading

Indices Trading Setting Up Bollinger Bands Fibonacci Ratios Expert Advisor

Stock Indexes Bollinger Bands - Fibonacci Ratios Indices Expert Advisor Setup - Indices Trading Setting Up Bollinger Bands Fibonacci Ratios Indices Expert Advisor - A Indices trader can come up with an Bollinger Bands - Fibonacci Ratios Indices Expert Advisor based on the awesome stock indices indicator explained below.


Stock Indexes Bollinger Bands - Fibonacci Ratios Expert Advisor rules can be combined with other indices indicators to come up with other EA Indices Trading Robots that trade using rules based on two or more indicators combined to form a stock indexes trading system.


Bollinger Bands

Derived from the original Bollinger bands.


The Bollinger Fibonacci ratios is a volatility based indicators but it does not use the standard deviation to calculate the width of the bands instead it uses a smoothed ATR that are multiplied with Fibonacci ratios of 1.618, 2.618, and 4.236.


The smoothed lines that are multiplied with Fibonacci ratios are then added or subtracted from the moving average.


This forms 3 upper Fibonacci bands and 3 lower Fibonacci bands


The middle band forms the basis of the trend.

Bollinger Bands


Stock Indexes Bollinger Bands - Fibonacci Ratios Expert Advisor Setup


Indices Technical Analysis and Generating Indices Trading Signals


This indicator used to determine point of support and resistance for indices.


The lines below represent support points while those above are resistance levels.


The outermost bands provide the strongest resistance/support.


The inner most bands provide least support/resistance.


The innermost band represents Fibonacci 38.2 % retracement level


The second band represents Fibonacci 50 % retracement level


The outermost band represents Fibonacci 61.8 % retracement level


The indicator is used to determine points where stock indexes price might reverse. (Indices Price Pullback Levels)

When stock indexes price hits one of the lines and reverses then an entry or exit signal is generated.


However, it is always good to combine the signal with other confirmation indicators such as the moving average to confirm the signal as shown below.

Bollinger Bands

Technical Analysis - Stock Indexes Bollinger Bands - Fibonacci Ratios Expert Advisor Setup

 

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