DAX breaks crucial support levelDAX breaks the 14800 pts. which is a key support level. Todays lower Bouhmidi-Band lays exactly there - We might see a reversal with US opening. Want to know more about Bouhmidi-Bands?
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Bouhmidibands
DAX: Short Reversal at lower Bouhmidi-BandAfter starting a good turnaround tuesday, the DAX tested the upper Bouhmidi-Band and reversed back into the bandwidth. Want to know more about Bouhmidi-Bands?
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DAX Long Reversal - Bouhmidi-BandsAfter a bearish start the DAX tested the lower Bouhmidi-Band and reversed back into the bandwidth. Want to know more about my indicator? Check my script:
DAX - Bouhmidi-Reversal What a nice reversal long into the Bouhmidi-Bandwidth. This week was a quite volatil week, which we could use with Bouhmidi-Bands. Want to know more about Bouhmidi-Bands?
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DAX - Short Bouhmidi-Bands reversal After a positive start to trading in the DAX, the upper Bouhmidi band was broken and immediately a reversal short situation was formed and is now in play
DAX - Intraday long reversal Bouhmidi-BandsToday we had a chartbook daytrading signal using the Bouhmidi-Bands. After testing the lower Bouhmidi-Band the market directly reversed to the upside into in BB-Bandwidth.
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Do you want to know more about the BB and apply them on your TV-Charts? Check my script here:
S&P 500 - Bouhmidi Bands indicate important support around 4600Using the Bouhmidi bands, we were able to filter a very important short-term support this week in the 4600 area, where we were able to find very good long daily entries - Learn more about trading the Bouhmidi bands on Tradingview
DAX fight for upper Bouhmidi-Band #DAX40 - Good start into the new month - Already fighting with upper #Bouhmidi-Band. We could see a small reversal around lunch time heading into bandwidth
Trading Idea - #SP500 #BoumidiBandsHello everybody,
since I pay a lot of attention to statistical values in trading, I took a closer look at the #BoumidiBands (BB_SPX).
The BBs are derived from the implied volatility of the futures markets. The upper and lower bands of the indicator give us the range with the highest probability in which the market can move.
If the market breaks out of the BBs, it is expected to return into the bands. At least that is my interpretation.
I applied the BBs to the SP500 index and took a closer look on Tradingview. I looked at the data from February 2021 to today.
My backtesting criteria: on a breakout above the upper band I would open a SHORT trade and on a slide below the lower band, I would open a LONG trade.
The result is fantastic, without defining SL and TP here. In total, my backtesting resulted in 19 winning trades against 7 losing trades.
Check out my chart where I marked the market entries.
green thumbs up = winning trade
red thumb down = losing trade
Have fun with it.
I would be happy if you leave me some feedback.
Regards
Traderherz
DAX Update: We broke Bouhmidi-Bands #DAX - Update: $DAX has broken the lower #Bouhmidi-Band. It still more than a hour to go in #Frankfurt. We might have seen the bottom for to day and could revert as usually back in to the bandwidth.
