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Formula: Bollinger Bands

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The Bollinger Bands have been added to the Bulls ‘n Bears to integrate the advanced capabilities of the Bulls ‘n Bears with the Bollinger Bands. By doing so, we now have the ability to throw buy/sell signals, using a combination of the Bulls ‘n Bears red/yellow/green light system to the Bollinger Bands.

Here are the rules:

A buy signal is generated when a price bar closes above the upper Bollinger Band, also, that bar, along with any subsequent bar that closes above the upper Bollinger Band is colored green.

A sell signal is generated when a price bar closes below the lower Bollinger Band, and, that bar, along with any subsequent bar that closes below the upper Bollinger Ban is colored red.

A neutral market, according to the Bollinger Bands, is identified by price bars that close between the upper and lower bands, and are colored yellow.