BollingerBands

[timepass]

The problem is not so much of the candle touching/piercing the lower band (4093), but the problem is that the bands are narrowing (I think at present the bollinger band width is 376 or something). This precludes volatility. There have been occasions when the nifty has skirted the lower BB for days at a stretch

 

[timepass]

Lower BB pierced on nifty spot.

 

[columbus]

EOD=16.11.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Violet colour line
decides the momentum of market, mostly.

 

[columbus]

 

[timepass]

Sigh.. and the bands expanded to deny a clean piercing.

Now, if it doesn't fall off the cliff, it should retrace back to 20MA at least, 5150.

 

[columbus]

EOD=17.11.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Violet colour line
decides the momentum of market, mostly.

 

[Karanm]

Columbus Sir / Savant Sir

What should be the Stochastic Parameters for EOD Trading with Bollinger Bands Parameters 9 & 2.

I would be obliged for your help & guidance.

 

[columbus]

Columbus Sir / Savant Sir

What should be the Stochastic Parameters for EOD Trading with Bollinger Bands Parameters 9 & 2.

I would be obliged for your help & guidance.

Hi Karan,

The famous pair of numbers is (20,2).

 

[Karanm]

Hi Karan,

The famous pair of numbers is (20,2).

Columbus Sir,

What should be the Stochastic Parameters for EOD Trading with Bollinger Bands Parameters 20 & 2.

Thanks & Regards

 

[columbus]

Columbus ,

What should be the Stochastic Parameters for EOD Trading with Bollinger Bands Parameters 20 & 2.

Thanks & Regards

Hi Karan,

I am using TradeTiger,there for intraday setting for stochastics ,I am using
(3,8,4) settings.Other users are using some other figures as per notation of
the system.You can refer VJAYs thread starting with words "RAGHAV+ST ........."