In order to use the Bollinger Bands width in our strategy. We need another trading oscillator which is the WPR or Williams Percentage Range. As these two trading oscillators really create a new way of how to spot trends even in busy markets. When it comes to market position, Bollinger bands width is one of the most important factors that a company must take into account.
Bollinger bands width is used to measure how wide a band of prices moves in a specific period of time. This will be helpful in our strategy with the combination of the Williams Percentage Range, as these two indicators focus on the support or resistance of the market. Additionally, Bollinger bands width can help you know whether or not you’re at risk of positioning a trade and can also provide you with some valuable insights into your opened trades.
First, we need to set our Cande time period to 30 seconds to make our strategy successful. You need to find good trading currency pair to trade with. Scan first the market chart then if you were able to find out uptrending or downtrending candle bars, then it is the best spot to trade on that currency.
Filtering each Oscillator for successful trade
As you can see in the chart, there are 3 major identifiers that can help us win our trade, over any trading situation. Here is the list of sequencing our trading identifier or oscillators:
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