BollingerBands

[columbus]

And lastly, on your recent signature: (on lighter side, though !!!)



I am sure, you just mean the opposite !

Regards.

Hi MurthyMSR,

Thanks for correcting.Really wonder why such a important thing has missed
my mind ,so many days, or am I bit careless now-a-days?

 

[columbus]

BB(20,2) of nifty futures on time frame 4/6 min are presented below.

Choppy Market:

Go long when Red+Green candles pierce the bottom band and wait for 15minutes
for confirmation after taking position, otherwise come out with stoploss.
Go short when Green+Red candles pierce the top band and wait for 15minutes
for confirmation after taking position , otherwise come out with stoploss.

Strong Market:

If the candles are concentrated in Top band go Long.
If the candles are concentrated in Bottom band go Short.
The Proximity of candles with respect to Outer boundaries indicates the Strength.
More strength means more closer to Outer boundaries.

 

[Raghavacc]

BB(20,2) of nifty futures on time frame 4/6 min are presented below.

Choppy Market:

Go long when Red+Green candles pierce the bottom band and wait for 15minutes
for confirmation after taking position, otherwise come out with stoploss.
Go short when Green+Red candles pierce the top band and wait for 15minutes
for confirmation after taking position , otherwise come out with stoploss.

Strong Market:

If the candles are concentrated in Top band go Long.
If the candles are concentrated in Bottom band go Short.
The Proximity of candles with respect to Outer boundaries indicates the Strength.
More strength means more closer to Outer boundaries.

Hi Columbus,

One more day of utter confusion. I do not think we got any reliable signals today.
Interesting to know whether you got any trades today as per the method?

Regards
Raghav

 

[columbus]

Hi Columbus,

One more day of utter confusion. I do not think we got any reliable signals today.
Interesting to know whether you got any trades today as per the method?

Regards
Raghav

Hi Raghav,

Today's market fell in STRONG MARKET Category.As per the strategy
Go Long if majority candles are in TOP band and Go short if majority
of candles are in bottom band.

Accordingly I waited till 1040 for the candles to come to bottom band
at 5231 and exited at 5252 (1118hrs) at top band.
I have yesterday's short position (which I rarely keep) exited it 5212
at 1347.(As per my sheet).It went down to 5208, but ,no regrets.

 

[columbus]

BB(20,2) of nifty futures on time frame 4/6 min are presented below.

1.Choppy Market:

Go long when Red+Green candles pierce the bottom band and wait for 15minutes
for confirmation after taking position, otherwise come out with stoploss.
Go short when Green+Red candles pierce the top band and wait for 15minutes
for confirmation after taking position , otherwise come out with stoploss.

2.Strong Market:

If the candles are concentrated in Top band go Long.
If the candles are concentrated in Bottom band go Short.
The Proximity of candles with respect to Outer boundaries indicates the Strength.
More strength means more closer to Outer boundaries.

 

[dhimanin]

columbus sir,
can i use on scrips also

ss dhiman

 

[columbus]

columbus sir,
can i use on scrips also

ss dhiman

Hi Dhimin,

Yes you can.Choose the stocks in which there is good volatility ,that is,
Nifty stocks like RIL,SBI,HDFC,Infosys,ICICIbank,L&T etc......

 

[columbus]

BB(20,2) of nifty futures on time frame 4/6 min are presented below.

1.Choppy Market:

Go long when Red+Green candles pierce the bottom band and wait for 15minutes
for confirmation after taking position, otherwise come out with stoploss.
Go short when Green+Red candles pierce the top band and wait for 15minutes
for confirmation after taking position , otherwise come out with stoploss.

2.Strong Market:

If the candles are concentrated in Top band go Long.
If the candles are concentrated in Bottom band go Short.
The Proximity of candles with respect to Outer boundaries indicates the Strength.
More strength means more closer to Outer boundaries.

(It seems the Avg(S,20) line on 4-min TF is wrongly plotted because this line never
intersects the Bollinger Bands.)

 

[columbus]

BB(20,2) of nifty futures on time frame 4/6 min are presented below.

1.Choppy Market:

Go long when Red+Green candles pierce the bottom band and wait for 15minutes
for confirmation after taking position, otherwise come out with stoploss.
Go short when Green+Red candles pierce the top band and wait for 15minutes
for confirmation after taking position , otherwise come out with stoploss.

2.Strong Market:

If the candles are concentrated in Top band go Long.
If the candles are concentrated in Bottom band go Short.
The Proximity of candles with respect to Outer boundaries indicates the Strength.
More strength means more closer to Outer boundaries.

 

[columbus]

NIFTY chart of last few months with eod.23.4.10.