Mastering the BearNaked Trading Pattern: Your Guide to CCI and Bollinger Bands

Author: Daniel Vieira Costa

The BearNaked trading pattern revolves around the crossover signals between the CCI (Commodity Channel Index) and the moving average when the price breaks through the upper or lower Bollinger Bands. To optimize performance, you’ll need to tweak the parameters for different timeframes, but the default setting is a 5-minute chart.

Version 1.1

Version 1.0

Recommendations:

• This indicator shines in the 5-minute timeframe, but if you want to experiment with other timeframes, be prepared to adjust the settings accordingly.
• Configuration:
• TimeFrame = 5 (for other timeframes, adjustments are necessary)
• CCI_Period = 21;
• NivelCCI_Min = -80;
• NivelCCI_Max = 80;
• MMPeriodo = 14 (consider trying 20 as well)
• BB_Period = 21;
• BB_Desvio = 2;
• PIP_DesvioMAX = 0.0010 (the price deviation from the upper Bollinger Band)
• PIP_Oscilacao = 0.0015 (price oscillation)
• CCI_Setup2 (this is experimental);
• FuraBollinger = Triggered when the price crosses the upper or lower Bollinger Band.

We've fixed the bugs, so you can trade with confidence!

And hey, I appreciate your patience with my English—I've only been studying for a month!

BearNaked