BollingerBands

[columbus]

BB(20,2) of nifty futures on time frame 3min-5min
are presented below.

Go long when Red,Green candles pierce the bottom band,
Go short when Green,Red candles pierce the top band

Please continue with TREND if candles graze TOP/BOTTOM
bands.

 

[abhiwhy]

BANK NIFTY DAILY CHART , I M LOOKING FOR A CRASH IN BANK NIFTY AND HAS SHORTED IT AT 9051 , WHAT DO U THINK , HERE IS IMAGE IN DAILY CHART WITH BOLLINGER BANDS .

 

[columbus]

BANK NIFTY DAILY CHART , I M LOOKING FOR A CRASH IN BANK NIFTY AND HAS SHORTED IT AT 9051 , WHAT DO U THINK , HERE IS IMAGE IN DAILY CHART WITH BOLLINGER BANDS .

Hi abhi,
Bollinger band of BNF of last few days is quite narrow.
In fact during last 8 days (barring for a day)Nifty futures
have not moved in either direction substantially ,not even
50 point move and on many occasion less than 20 points.
Keeping all these points in mind better to quit once you
see good profit.In any case see that the middle line at
9200 as stoploss.

 

[sudoku1]

contracting bands in daily sensex chart hint 2wards a sharp move in coming sessions !

 

[columbus]

contracting bands in daily sensex chart hint 2wards a sharp move in coming sessions !

Hi Sudoku,

I agree with you 100%.But it can be either side.
So it is better to have no OVERNIGHT position
for a day trader.

 

[columbus]

BB(20,2) of nifty futures on time frame 3min-5min
are presented below.

Go long when Red,Green candles pierce the bottom band,
Go short when Green,Red candles pierce the top band

Please continue with TREND if candles graze TOP/BOTTOM
bands.

 

[abhiwhy]

Hi Sudoku,

I agree with you 100%.But it can be either side.
So it is better to have no OVERNIGHT position
for a day trader.

but the price was below middle band (20 period mov) and when bands contract the direction is mostly determined by middle band.

 

[abhiwhy]

not sure but most probably we will see some good crash in nsenifty in coming days .

 

[prabit]

BB(20,2) of nifty futures on time frame 3min-5min
are presented below.

Go long when Red,Green candles pierce the bottom band,
Go short when Green,Red candles pierce the top band

Please continue with TREND if candles graze TOP/BOTTOM
bands.

Hi columbus, thanks for the charts . I don't understand graze. Will you pl explain "if candles graze Top/Bottom bands".

 

[THE LORD]

THIS IS MY BOLLIENGER BAND

_SECTION_BEGIN("Bollinger Bands");
P = ParamField("Price field",-1);
Periods = Param("Periods", 20, 2, 300, 1 );
Width = Param("Width", 2, 0, 10, 0.05 );
Color = ParamColor("Color", colorCycle );
Style = ParamStyle("Style");
Plot(BBandTop(C,20,2), "BBTop" + _PARAM_VALUES(),colorDarkGreen,styleThick|styleDots);
Plot(BBandBot(C,20,2), "BBBot" + _PARAM_VALUES(),colorDarkGreen,styleThick|styleDots);
PlotOHLC(BBandTop(C,20,2), BBandTop(C,20,2),BBandTop(C,20,1.5),BBandTop(C,20,1.5),"Cloud",colorGrey50,styleCloud|styleNoLabel);
PlotOHLC(BBandBot(C,20,2),BBandBot(C,20,2),BBandBot(C,20,1.5),BBandBot(C,20,1.5),"Cloud",colorGrey50,styleCloud|styleNoLabel);
_SECTION_END();