BollingerWorm !!!

[columbus]

 

[columbus]

To put it CRUDELY Bollingerworm is analog ,since a visible signal is
there in between candles also.

 

[EagleOne]

Good job, columbus bro! I am your fan now

 

[columbus]

If Normal Distribution is assumed for stock market data,then
68% of data falls within BB(20,SD) ,95% of data falls within
BB( 20,2SD)[default value] and 99% of data falls within BB(20,3SD)
as shown in the below figure.

But,

The reason is assumption of stock data as Normal distribution.

This made me to think of adding another band correspoding
to ONE standard deviation ,that is , BB(20,1).

 

[columbus]

One more band pertaining to BB(20,1) is introduced
in extreme Bullishness/ bearishness,when ATR is too
high ,may be more than 100 points.
The midline is removed.In fact ,since the candles are
not moving above midline , new band is BB(20,1) is
introduced.
Chart in the box is as per BB(20,1).

 

[aabhi06]

One more band pertaining to BB(20,1) is introduced
in extreme Bullishness/ bearishness,when ATR is too
high ,may be more than 100 points.
The midline is removed.In fact ,since the candles are
not moving above midline , new band is BB(20,1) is
introduced.
Chart in the box is as per BB(20,1).

Hi Columbus,

Good eve.

Nice present,

let me know which software you are using for charting.

Thanks.

 

[columbus]

Hi Columbus,

Good eve.

Nice present,

let me know which software you are using for charting.

Thanks.

Hi aabhi06,

I am using TradeTiger for Charting and AvancePaint for painting and
brushing.

 

[columbus]

What a bad day to take rest !!! Or otherwise?

 

[murthyavr]

Hi Columbus,

1. So, you have shifted the arguments back to EMA 2?

2. What is the basis of presumptions for the First and the last sell signals?

 

[columbus]

Hi Columbus,

1. So, you have shifted the arguments back to EMA 2?

2. What is the basis of presumptions for the First and the last sell signals?

Hi murthyavr,

Basically the chart consisted of BB(20,2) ,that is 20-simple moving average
with 2-standard deviation.After Friday Fall ,I have introduced 1-Standard
deviation band also.This is in case of severe bullishness or bearishness.
Today also ,we saw fatal fall.