Description
The Bollinger Bands® Short Entry strategy generates a Short Entry signal when the price crosses below the upper band.
Upper band's values are calculated by adding a specified number of standard deviations over a time period to the price's SMA.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars to calculate the standard deviation. |
num devs up
|
The number of standard deviations to add to the price's SMA. |
bollinger price
|
The price used to calculate the Bollinger Bands® study. |
upper 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.