BOLLINGER WORM
Since the appearence of the Chart looks like a WORM sandwiched
between Bollinger Bands ,hence the name Bollinger Worm.Basically
this is a INTRADAY technique ,
as EMAs involved are 2H & 2L.
Most of the ideas are derived from Bollinger Bands.
Construction
1.Use standard Bollinger Bands ,that is,bb(s,20,2).
For thicker bands you can use bb(s,20,2.01), bb(s,20,2.02).....
2.Use ema2H and ema2L to outline the body of the worm.
3.If the body comes out of bands ,then make an ENTRY.
In case of doubt ,modify TF by 0.25min.That means if you are
presently following 3min TF ,change it to 3.25 min TF.
4.The EXIT is, if body comes out the band,of the other colour.
5.Since ONLY one colour or EMPTY candles are used ,no emotional
trades.
Hats off John Bollinger !!!!