In today's video chat, I discussed how one can create an automated trading strategy based on a system of Bollinger Bands.  The idea is that you can easily use two different "speeds" of Bollinger Band studies to identify trend movements and reversal opportunities.

The system contains two parts:  a trend identification mode and a reversal identification mode.  To identify trends,  we first classify price as being outside of the standard "long-term" range.  We then look for a favorable pullback and reversal on a "short-term" range that continues the trend.  To identify reversals, we first find price movement within its standard "long-term" channel.  We trigger signals when price crosses various levels within the "short-term" Bollinger Band range.

Attached below are the long and short signal strategies for import into Wizard Lab.  You can use these concepts as more tools to add to your own trade automation ideas.  Great trading!