BollingerBands

Did Bollinger Bands help you?

  • Yes

    Votes: 239 77.9%

  • No

    Votes: 68 22.1%
  • Total voters
    307
columbus

columbus

Well-Known Member
#2,471
#2,471
nitingosavi said:
instead of using 20,2 and 20,1 I tried 20,2 and 20,1.618.
Click to expand...
Hi nitingosavi,

Many TWEAKS are possible.Basically these are dependent on the volatility on
particular day.Perhaps on a very flat day instead of BB(20,2) and BB(20,1)
,You can as well try BB(20,1.6) and BB(20,0.8) ,thereby narrowing the bands.
 
N

nitingosavi

Well-Known Member
#2,473
#2,473
today I am trying something else than intraday.

bought tatasteel 240 put 1 lot @ 5 just for tomorrow.



relying on BB reversal on hrly.. probability of reversal/ consolidation on daily.
FED decision tonight.
similarly though day not ended yet.. there is some minor negative divergence on daily and hrly on RSI 5.. and on MACD in hrly charts.. s/l is if passes out of BB top.

actually wanted to carry so opted for option.
 
columbus

columbus

Well-Known Member
#2,474
#2,474
timepass said:
Won't get much traded range with those parameters.
Click to expand...
Time frame does matter most.Yes ,on TF=1min ,trading range may not be
lucrative but with TF 3 or 5min ,range may be OK .(especially with 5 min)
 
timepass

timepass

Moderator
#2,478
#2,478
nitingosavi said:
Columbus sir,
using it(BBands) regularly now.

works great on EOD with help of some indicators.
trying now BB(high,15,2) and BB(low,15,2) along with MA15. will post charts if found useful.

Thanks.
Click to expand...
Thanks, looking forward to your charts.

Will update the nifty weekly chart from this week onwards.
 
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