BollingerWorm !!!

[VJAY]

Dear Linkon,
Nice obsevation ......how can we change BB to 3 bars to right?Can you please eloberate it a bit....

 

[linkon7]

Dear Linkon,
Nice obsevation ......how can we change BB to 3 bars to right?Can you please eloberate it a bit....

if u are using amibroker :

Plot(ref(BBandTop(C,20,2),-3),"",colorYellow,styleDashed);
Plot(ref(BBandBot(C,20,2),-3),"",colorYellow,styleDashed);

PIB users have the settings in the parameter where u can shift the band to the left or right...

 

[columbus]

if u are using amibroker :

Plot(ref(BBandTop(C,20,2),-3),"",colorYellow,styleDashed);
Plot(ref(BBandBot(C,20,2),-3),"",colorYellow,styleDashed);

PIB users have the settings in the parameter where u can shift the band to the left or right...

Hi linkon7,

Yes,you are correct,but I want to see the chart how its look like?
Can anybody ,(who are using both Ami and TT),tell how to do it in
Trade Tiger.

 

[linkon7]

I never used TT...but i can show u a comparison in ami...

the top chart has the BB shifted 3 bars to the right... both have BB(20,2) as the settings.

The top chart will help you in exiting the long breakout better than the bottom chart....

in a sideways market..it doesnt look much different as BB doesnt suffer from major expansion...

 

[columbus]

I never used TT...but i can show u a comparison in ami...

the top chart has the BB shifted 3 bars to the right... both have BB(20,2) as the settings.

The top chart will help you in exiting the long breakout better than the bottom chart....

in a sideways market..it doesnt look much different as BB doesnt suffer from major expansion...

Hi linkon7,

Thanks for posting the graph.
Yes, in case of breakouts it will help a lot.
Infact ,fewdays back ,another boarder "4xpipcounter" suggested a setting
of BB(28,3).You will find details in the mother thread here:
http://www.traderji.com/day-trading/27421-bollingerbands-2.html#post514435
He is interested in FOREX only ,with ichimoku.

 

[VJAY]

if u are using amibroker :

Plot(ref(BBandTop(C,20,2),-3),"",colorYellow,styleDashed);
Plot(ref(BBandBot(C,20,2),-3),"",colorYellow,styleDashed);

PIB users have the settings in the parameter where u can shift the band to the left or right...

Thanks Linken bhai......

 

[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.

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

The suggestion made by Linkon7 that shifting the bands to right with respect
to Candles is a good one.

 

[columbus]

A fat tailed probability distribution is one in which extreme events are more probable.

For example the normal distribution is typically a very good fit over a wide range of the
most likely outcomes in finance. However, it is generally accepted that extreme events
such as crashes are more probable it suggests.

This means that a model based on the normal distribution will give good estimates over
a reasonable range, but still under-estimate extremes. For example a model might accurately
estimate the chance of a share price falling 10%, but greatly under-estimate the chance of
the market falling 50%.

 

[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.

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

Today I got more BUY signals than SELL signals.I think I missed ONE
SELL signal at 1300 hrs @5658.

 

[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.

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