BollingerWorm !!!

[timepass]

Tried my hand at the worm today.. Please comment..

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the band,of the other colour and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).

Hi timepass,

Have a look at the chart above.Always prefer a SQUARE frame over
RECTANGULAR.Rectangular frame often confuses.Do not include any
other indicator in the same chart.You can include them as seperate graphs.

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the band,of the other colour and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).

From 10AM onwards ,till 3.30PM ,market was highly range-bound
5425~5390, with slight volatility in closing session.

 

[kittty]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the band,of the other colour and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).

From 10AM onwards ,till 3.30PM ,market was highly range-bound
5425~5390, with slight volatility in closing session.

hi columbusji, i tried bworm setup for learning. hope the setup is correct.

 

[columbus]

hi columbusji, i tried bworm setup for learning. hope the setup is correct.

Hi kitty,

Perfectly OK.In fact, the envelope (body) is defined precisely.
Keep it up.BTW,what software you are using?

 

[kittty]

Hi columbusji,

i used FxCentral Trader. but the data is delayed

 

[timepass]

Kitty, I see that your chart has the data from 17th & 18th March, that's why your bands are visible right from the beginning of the day..Is it the full chart that you have posted or have you cropped out some part ?? If so, please post the full chart..

 

[columbus]

Hi columbusji,

i used FxCentral Trader. but the data is delayed

Thanks for the info.

Kitty, I see that your chart has the data from 17th & 18th March, that's why your bands are visible right from the beginning of the day..Is it the full chart that you have posted or have you cropped out some part ?? If so, please post the full chart..

In Trade Tiger also by choosing 3d(3-day) or 5d(5-day) you can plot the
BB data from beginning.But I do not like to borrow values of previous
day ,because it is no longer termed as INTRADAY.

 

[rajgreenpeace]

Happy holi all members of Tj

 

[kittty]

Hi columbusji,hi timepass
The image is from FXcentral's resized window to match your original TradeTiger image.actually i've only one day experience with this programme.so don't know much.I installed this prgrmme following the below link. this showing backfill of previous days months.may b thats why the indicators are more visible

thanks and happy holy to all

http://www.traderji.com/development...your-pc-free-nifty-chart-tv-2.html#post533387