Trend and momentum

Bollinger Band squeeze breakout

5m–1H

The rules, in plain English. Ask Wicky “Is my setup here?” and it checks each one on your chart, says what’s still missing, and draws your levels.

The rules

Setup: the Bollinger Bands (20, 2) pinch to their narrowest in a while: a quiet, tight range.
Trigger: a strong candle closes outside a band and the bands start to widen.
Entry: that close, in the breakout's direction.
Stop: the middle band (20 SMA), or the other side of the squeeze range.
Target: 2R, or hold while price walks along the outer band.
Skip it if: the breakout candle closes back inside the bands.
On the chart: Bollinger Bands (20, 2).

Try this setup on your chart ›Wicky for Mac

How Wicky checks it

Hold ⌃⌥ over your chart and ask. Wicky reads the chart on your screen, on any platform, and checks every rule above, starting with “Setup: the Bollinger Bands (20, 2) pinch to their narrowest in a while: a quiet, tight range”. Then it answers out loud: not yet, and what you’re still waiting for, or your entry, stop and target with the risk-to-reward, drawn on your chart and locked to it as you scroll.

Trade it a little differently? Change any rule, or write your own in plain English. Wicky checks your version, not a textbook’s.

Wicky checks your own rules. It doesn’t tell you to buy or sell, doesn’t predict price and never places trades. Trading involves substantial risk of loss. ICT and Smart Money Concepts are named to describe setups; Wicky isn’t affiliated with their authors.