BollingerBands

[columbus]

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

Prabit,

Here it is :

 

[columbus]

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();

Hi THE LORD,
Though I do not understand much of it, this AFL will certainly help
those who are dealing with Amibroker.

 

[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.

 

[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(ride) TOP/BOTTOM
bands.

 

[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(ride) TOP/BOTTOM
bands.

 

[columbus]

We rarely see Action Replay in Market ,but here is one ( on different days)
on 14 and 18 Dec.

 

[columbus]

Approximately ONE month back the TOP band of BB was at 5409
in contrast to its position at present at 5109.This clearly indicates
the trend.BUT it is better to have a look on daily basis.

 

[prasadam]

Hi.

what about lower band?? :lol:

Approximately ONE month back the TOP band of BB was at 5409
in contrast to its position at present at 5109.This clearly indicates
the trend.BUT it is better to have a look on daily basis.

 

[columbus]

Hi.

what about lower band??

Hi Prasadam,

The lower band which was at 4610 (approx) is now positioned
at 4965.We are 20 points away from hitting the lower band.Both
are converging rapidly.

 

[bandlab2]

hi columbus, few queries

1. whats the significance of sma20 white line ? do we go long only when current bar is below sma20 and the BB condition is true ? do you see any scenario where current bar is not below sma20 when BB condition is true. same thing on short side

2. will this method work for nifty stocks ? or only nifty futures

3. whats the meaning of cloud here ?

4. what would be the SL ? For long, is it the low of red candle and some filter ?

5. do you have a AFL for this with entry/exit levels ?

thanks a lot for your contribution on this method