3 - Template 3 - BLine Oscillator and Buy/Sell Signals
Chart shows a Buy Signal at a bottom; a Sell Signal at a top; a third
Sell Signal on the market continues the downtrend.
As in the
DBS Signals, the BLine B-S Signals are generated in a 3-Step process:
The Buy Signals
- A drop
below the BuyLine at 30
by an upturn to generate a Buy Setup (shown by the green up-spikes).
a Buy Stop to go long above the high of the Buy Setup Bar (above the
vertical green line).
Signal is -
- A rise
above the SellLine at 70
followed by a downturn to generate a Sell Setup (shown by the red down-
a Sell Stop to go short below the Sell Setup Bar (above the vertical
its accuracy, the BLine is a favorite of many stock traders.