Range bars create equal-sized candles. Trade mean reversion when price stretches away from the VWAP using Bollinger Bands on range charts.
Indicators Used
Range ChartVWAPBollinger Bands
Rules
๐ Entry Rules
- Price touches lower Bollinger Band on range chart
- Price is below VWAP (stretched)
- Enter on reversal bar back toward VWAP
- Target: VWAP
- Stop: Below the swing low