Testing - Bollinger Band with Price Action

#1
In this thread I am going to test a strategy price action with Bollinger band. To know success rate of this strategy we test some
Script with this strategy.

1.maruti - weekly chart
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When price hit lower band we have to look for price action in this chart bullish outside bar at lower band so we buy here.
IMG_20181111_110607.jpg

Target is upper band. Stoploss is low of outside bar. We see the result in comming days

2.Mrf - weekly chart
1541915164251.jpg

Price hits lower band. Price action at lower band pin bar and inside bar at lower band so we buy here.
IMG_20181111_111706.jpg

Target is upper band. Stoploss is low of green big bar.

3.Piramal enterprises lts-weekly chart
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Price breached lower band. Pinbar at lower band. So we buy here. Target upper band.
IMG_20181111_112350.jpg

Target is upper band. We see the result in comming days.

4.Grasim-Weekly chart
IMG_20181111_113632.jpg

Price breached lower band. Inside bar at lower band so we buy here. Target upper band. Stoploss is low of big red bar.

5.Sbin - daily chart
IMG_20181111_114319.jpg

Price hit upper band. Inside bar at upper band broken. So we sell here.
Target lower band. Stoploss high of big red bar.

By
DaVincy
 
Last edited:

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