BollingerWorm !!!

[columbus]

Nifty 18.9.15

 

[columbus]

nifty 25.9.15

 

[columbus]

Nifty 1.10.15

 

[columbus]

Nifty 23.10.15

 

[columbus]

Nifty 20.11.15

 

[columbus]

Nifty 11.12.15

 

[columbus]

Nifty 18.12.15

 

[Vipul_84]

Where have you mentioned entry exit rules Sir? I want to catch bottom in 5 min TF when nifty is in uptrend in hourly TF & vice versa. How should I do that?

 

[Vipul_84]

Sir, how to identify extreme bullishness or bearishness? I want to distinguish between use BB (20,1) & BB (20,2).

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 & re-enters ,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.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).

 

[columbus]

Hi vipul_84,

1.Coming out of BB(20,2) and coming back into BANDS indicate EXTREME
bullishness/bearishness.

2.Coming out of BB(20,1) indicates ,it is time to close the position ,sometimes.