I developed Bollinger Bands that provide a numeric value indicating their strength. To achieve this, I used the degree of the angle of attack and color-coded the numbers. The top band displays the number in the upper corner of the chart, the bottom band in the bottom corner, and the Basis is in the left middle. These numbers quantify the slope of the bands, which can be difficult to discern on a chart because stretching out the x and y axis can flatten or exaggerate a slope. With my Bollinger Bands, you get a constant reading that provides an accurate measurement of the angle and strength of a trend. I hope this helps.
Thanks. Can you you suggest what the bearish/ bullish slope should be?
JackHertz
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This is really interesting. Congrats on putting it together. Any recommended degree, for the slope, which might indicate a strong bullish/bearish trend? Thank you!