Screeners: Bollinger Bubbles

Bollinger Bubbles Screeners for ProRealTime

Find Candles Entirely Outside the Bollinger Bands

Bollinger Bubbles are candlestick patterns in which a candle forms entirely outside the Bollinger Bands, without touching either band.

An upper Bollinger Bubble appears above the upper band, while a lower Bollinger Bubble forms below the lower band. In both cases, the entire candle, including its wicks, must remain outside the bands. Simply crossing a Bollinger Band is therefore not enough to qualify as a Bollinger Bubble.

This pattern highlights an unusually strong price movement relative to the Bollinger Bands. It may indicate a potential market extreme and the possibility of a correction, but it does not, by itself, provide a reliable reversal signal.

Description

This product includes two ProRealTime screeners designed to automatically detect upper and lower Bollinger Bubbles.

• The standard Screener scans for these patterns on the timeframe selected in ProRealTime. Results are sorted by bubble position: upper or lower.
• The Multi-Timeframe Screener performs the same scan across up to 9 timeframes simultaneously: 5, 10, 15 and 30 minutes, 1, 2 and 4 hours, daily and weekly. Results are sorted by timeframe and bubble position.

General filtering on the daily timeframe, based on price and trading volume, allows you to select the desired liquidity level.

Many parameters allow you to adapt the search to your own criteria. All settings can be adjusted directly from ProRealTime's “Variables” menu, without modifying the code.

Adjustable validation criteria:

• Upper Bollinger Bubbles
• Lower Bollinger Bubbles
• Bollinger bands period
• Bollinger bands standard deviation

Available filters:

• Price position relative to a moving average
• Filtering moving average type and period 
• RSI value relative to upper and lower thresholds
• RSI Period
• Selection of timeframes to scan (Multi-Timeframe screener)

General filtering:

• Minimum price
• Minimum average volume
• Average volume period
• Volume calculation: number of shares or traded value

Video presentation:

Details of available settings:

Download guide

Characteristics

• Works on all timeframes
• 1 screener intraday mutli TF
• ProRealTime V11 and later versions compatible
• Free ProRealTime (daily closings) compatible
• Settings can be adjusted without modifying the code
• Free automatic updates for life

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Disclaimer

Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations. The automated trading systems offered have been developed and optimised using historical data; however, past performance is no guarantee of future results. Investing in the financial markets involves risks up to and including the total loss of capital. The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.