BollingerBands
- Thread starter columbus
- Start date
upto 23.5.14 NIFTY
In TRADETIGER ,8 indicators can be plotted ,as of now.
I) Plot Standard Bollinger Bad BB(20,2).
II) Plot Double Average ,EMA-2 and EMA-9 in WHITE colour.
III) Plot EMA-3 to EMA-8 in double colour.(Blue-bullish;Red-bearish)
A series of Blue and Red strips are seen.
1.Blue indicates a BUYING opportunity (Buy LOW-Sell HIGH)
and
2.Red strip indicates a SHORTING opportunity (Sell HIGH-Buy LOW).
Better prefer one of these conditions ,preferably the condition-1
But in Choppy conditions frequent alterations are seen ,better
to avoid these conditions.Some times it so happens that ,WITHIN
EMA-2 & EMA-9 band ,both Blue and Red colours are seen.Avoid trading
in those circumstances.
Of course ,many TWEAKS are possible.By choosing BLACK colour for both UP &
DOWN candles ,you can send them to background (NO CANDLES AT ALL).
Any time frame (3min~5min) can be used. [INTRADAY]
In TRADETIGER ,8 indicators can be plotted ,as of now.
I) Plot Standard Bollinger Bad BB(20,2).
II) Plot Double Average ,EMA-2 and EMA-9 in WHITE colour.
III) Plot EMA-3 to EMA-8 in double colour.(Blue-bullish;Red-bearish)
A series of Blue and Red strips are seen.
1.Blue indicates a BUYING opportunity (Buy LOW-Sell HIGH)
and
2.Red strip indicates a SHORTING opportunity (Sell HIGH-Buy LOW).
Better prefer one of these conditions ,preferably the condition-1
But in Choppy conditions frequent alterations are seen ,better
to avoid these conditions.Some times it so happens that ,WITHIN
EMA-2 & EMA-9 band ,both Blue and Red colours are seen.Avoid trading
in those circumstances.
Of course ,many TWEAKS are possible.By choosing BLACK colour for both UP &
DOWN candles ,you can send them to background (NO CANDLES AT ALL).
Any time frame (3min~5min) can be used. [INTRADAY]
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