BollingerWorm !!!

[tinchu76]

Columbus,

Desperately waiting for t/days chart.

Was a pretty low volatility day.

If possible pls mark the trades.

 

[columbus]

Columbus,

Desperately waiting for t/days chart.

Was a pretty low volatility day.

If possible pls mark the trades.

Hi tinchu,

I am far from my house ,sorry I do not have required software, most probably
I will put my charts tomorrow.

 

[tinchu76]

Columbus Bhai,

Hope u r back nahi to

Do(2) din ki absent lag gayegi.

 

[timepass]

While Columbus is away..

 

[tinchu76]

TP u havent put the worm, i.e. 2EMA hi-lo?

 

[timepass]

TP u havent put the worm, i.e. 2EMA hi-lo?

That's right. I find it noisy. Similarly I use only 1 BB, thought the lines become thinner. But anyway, will do it next time.

 

[timepass]

 

[columbus]

Hi timepass,

Thanks for running this thread in my absence.

Actually S-20 divides the Band into 2 halves EXACTILY. If it is not
doing so ,delete S-20 and then add S-20.

 

[columbus]

As rightly pointed out by TIMEPASS bollingerworm on 3-min timeframe looks
very good in conjunction with 5-min but not below that because it gives
so many whipsaws.

 

[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 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 guidence in normal case also.