BollingerWorm !!!

[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.

 

[timepass]

Was this the shape today, or were there intermediate trading points?

 

[columbus]

Was this the shape today, or were there intermediate trading points?

Exactly !!!!

As you have seen we were able to utilize only 2/3 of the chart
from 1100 onwards.

 

[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.

 

[nazimrushda]

Hi Columbus,

What are setting for blue bollinger band it is not visible.

 

[columbus]

Hi Columbus,

What are setting for blue bollinger band it is not visible.

Hi nazim,

The basic settings are BB(20,1) and BB(20,2).

In order the Outer BB (20,2) appear thicker ,I use BB(20,2.01),BB(20,2.02)
etc.....[as many as your software supports / as many as you thing sufficient].

 

[timepass]

Would you say that today was a bad day for the worm ? Stoploss hit / false sell signal etc.. or were there signals along the smaller band?

 

[columbus]

Would you say that today was a bad day for the worm ? Stoploss hit / false sell signal etc.. or were there signals along the smaller band?

Green .......Profit
Red ..........Loss

 

[krish4166]

Hi Columbus,
on the above chart show us entry , exit and stoploss
timing and values.
the above chart is of 5min or 3min ?

 

[columbus]

Hi Columbus,
on the above chart show us entry , exit and stoploss
timing and values.
the above chart is of 5min or 3min ?

Hi krish,

It is i-5 ,INTRADAY-5min chart.
On any chart ,it is mentioned and Sharekhan has chosen Lower Right location.