"Qbands" Indicator
The Qbands indicator is one of our most powerful tools inside of the Qpro dashboard.
These are our exclusive adaptive price bands. The Qbands allow traders to easily spot possible reversals in price, as well as see if price is trending or in consolidation.
Traders might notice that the Qbands and the Qwave bands are almost identical.
They are essentially the same, however the standalone Qbands allows traders more customizability and includes the center bullish/bearish trend line.
Being a standalone indicator, the Qbands can be configured independetly of the Qwave bands.
This is great for traders that want to utilize both the Qwave alerts and the Qbands (shown below).
SETTINGS
The Qbands can be configured to be as tight or broad as the traders wants.
If the trader wants to find more possible reversal points, then a broad band settings might be preferred.
To adjust the tightness of the bands, adjust the "Length" and "Band Deviation".
Traders can also adjust the sensitivity of the center trend line to be more or less responsive. This is the "Trend Period" value; lower will be more responsive, higher will be less responsive.
The Qbands can be configured to show or hide the upper, lower, and centerline inside the "Style" section of the Qpro indicator.
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