Description
The PZ Bollinger Trend Indicator redefines the use of Bollinger Bands, offering a practical, trend-following alternative to the traditional overbought/oversold model. This indicator interprets price movements relative to a moving average and standard deviation to visually signal market trends and their potential reversals.
This isn't just a Bollinger overlay—it’s a thoughtfully engineered tool that shows when a trend starts, when it is likely continuing, and when it might be ending. It’s perfect for traders who prefer to ride trends, manage exits with confidence, or simply confirm directional bias before entering a trade.
Unlike standard indicators, this one does not repaint or backpaint, ensuring real-time reliability. It’s especially valuable when used as a trailing exit system—letting profitable trades run while offering visual cues for when momentum starts to weaken.
The indicator is easy to set up, with grouped input options to avoid confusion. You can customize the visual appearance, including arrow size and color, to match your trading setup. Alerts are fully integrated and flexible—so you can be notified instantly when a trend changes without keeping your eyes glued to the screen.
Whether you're swing trading, scalping, or using EAs, this tool provides a clean, powerful addition to your trend-trading arsenal, grounded in proven Bollinger Band principles but applied with a new perspective.
Input Parameters
- Period – Moving average period used to calculate the Bollinger Bands
- Deviation – Standard deviation multiplier to set the band distance
- Max History Bars – Number of historical bars to draw on when the chart loads
- Drawing Settings – Customize arrow and object colors, sizes, and styles
- Alerts – Enable or disable sound, pop-up, email, or push notifications; set custom alert messages
What To Expect
This is not a full strategy or a signal generator—it’s a trend-following support tool that enhances any discretionary or algorithmic trading system. Use it to confirm entries, manage exits, or build logic into your own Expert Advisors. Its non-repainting behavior makes it trustworthy for real-time use and backtesting alike.
