and BB(20,1) encompasses how much ??
Also, have you experimented with other values in BB ?? like BB(15,xx) or BB (10,xx) or BB(20,2.5) etc ?? Or have you tried any EMAs other than EMA2 to outline the worm? Tell us your analysis of other values.
Hi timepass,
BB(20,1) encompasses 68% of data .(Candles).
Here 4 parameters are involved.
1.
Samples:
BB (XX,2):Lower BB like BB(15,xx),BB (10,xx) makes the Bands too narrow
hence BB (20,xx) is chosen.
2.
Standard deviation:
Same effect as above.Lower SD makes the band narrow and with higher
SD there nothing great is achieved, so BB (20,2) is chosen and it is
default value also.
3.
EMA
With higher EMAs the response is late.Considering 4-EMA and time frame
as 5 min ,the response is as late as 4*5=20 min.Sometimes it may prove
as Boon, in disguise.
4.
Time frame
Lower TF makes the band narrow ,especially 1 min and 2 min.TF between
3min~7min is good.I prefer both 3 & 5min.