BollingerWorm !!!

[nazimrushda]

Hi Columbus ,

Please briefly explain how to shift BB to before to 3 bars in old TT as discusssed earlier post by u & linkon .

Thanks in advance

 

[columbus]

Hi Columbus ,

Please briefly explain how to shift BB to before to 3 bars in old TT as discusssed earlier post by u & linkon .

Thanks in advance

You can shift BB ,upwards by 3 candles ,by choosing BB(17,2) and shift
downwards by 3 candles by choosing BB(23,2), I hope I got it right.

 

[nazimrushda]

Thanks for your quick reply.

 

[timepass]

Thanks for your quick reply.

Click on the "thanks" button too in that post, just encouragement and gratitude..

 

[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 other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidance in normal case also.

6.If candles are sandwiched between UPPER bands / LOWER bands
[BB(20,2) and BB (20,1)] ride the trend ,till Reversal is established.
[Both ema-2H and ema-2L are cut by BB(20,1)]

At 1450 ,we had a big green candle of 15 points or so.
To summarize ,another Premium Eating Day.(In the words of timepass)

 

[timepass]

To summarize ,another Premium Eating Day.(In the words of timepass)

Yeah.. really. A down day, highest OI in 5500PE, FII being net BUYERS of index options, and PCR 0.88....and 5500PE loses premium !! Go figure.

 

[columbus]

Yeah.. really. A down day, highest OI in 5500PE, FII being net BUYERS of index options, and PCR 0.88....and 5500PE loses premium !! Go figure.

I think 5500PE closed at -0.75 though Index closed in RED.I think same thing
happened on Friday also.

 

[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 other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidance in normal case also.

6.If candles are sandwiched between UPPER bands / LOWER bands
[BB(20,2) and BB (20,1)] ride the trend ,till Reversal is established.
[Both ema-2H and ema-2L are cut by BB(20,1)]

 

[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 other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidance in normal case also.

6.If candles are sandwiched between UPPER bands / LOWER bands
[BB(20,2) and BB (20,1)] ride the trend ,till Reversal is established.
[Both ema-2H and ema-2L are cut by BB(20,1)]

 

[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 other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidance in normal case also.

6.If candles are sandwiched between UPPER bands / LOWER bands
[BB(20,2) and BB (20,1)] ride the trend ,till Reversal is established.
[Both ema-2H and ema-2L are cut by BB(20,1)]