Description
The Bollinger Bands® Long Entry strategy generates a Long Entry signal when the price crosses above the lower band.
Lower band's values are calculated by subtracting a specified number of standard deviations over a time period from the price's SMA.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars to calculate the standard deviation. |
num devs dn
|
The number of standard deviations to subtract from the price's SMA. |
bollinger price
|
The price used to calculate the Bollinger Bands® study. |
lower band price
|
The price to look for crossovers with. |
Bollinger Bands® is a registered trademark of John Bollinger.
Backtesting is the evaluation of a particular trading strategy using historical data. Results presented are hypothetical, and there is no guarantee that the same strategy implemented today would produce similar results.
Technical analysis is not recommended as a sole means of investment research.
For educational purposes only. Not a recommendation of a specific security or investment strategy.