EMAstrips in BB (modified)

[nazimrushda]

Hi Nazimshda,

I am not carrying it ,regularly.I am putting it on WEEKLY basis in Bollinger Band
thread.(Bolliger Band+EMA strips in BB) in one chart.

Hi All,

I observed this on 5 mints in Nifty Charts , problem is that colours of bands changes very fast some time red becomes blue and blue becomes red as per tick by tick , how to avoid the confusion ?

 

[columbus]

Hi All,

I observed this on 5 mints in Nifty Charts , problem is that colours of bands changes very fast some time red becomes blue and blue becomes red as per tick by tick , how to avoid the confusion ?

One solution is to plot the graph without any candles like this.(??????)
More later.

 

[columbus]

Boarder TIMEPASS suggested using this method with BARS instead of CANDLES.
It is a good idea.We can use it with BARS or LINE or WITHOUT ANY CANDLES.
(Just MODIFY candle colour to BLACK).

In case of DOWNWARD movement the strip is aligned to LOWER BOUNDARY of BB and
in case of UPWARD movement the strip is somewhat aligned to TOP boundary of BB.

We can discuss a lot on EOD chart ,but on LIVE chart it is more difficult.But
certainly ,it is far better than GAMBLING or TOSS OF COIN.

Only CURRENT close has bearing on Blue/Red but Previous Close has no
bearing on the colours.

Is it a wise idea to have no candles?.We always get the current close at
RIGHT HAND SIDE axis.(Black font on White colour)

 

[timepass]

I had suggested bars to :
a) Reduce the screen clutter,
b) yet see the HLCO of the bars
c) see whether a bar of the OTHER color cuts the BB.

 

[ramg]

Re:How to activate PM for my user id

I am new to the forum. How can I activate PM for my user id ?

thanks

 

[dineshknp]

hi timepass, now i think we should paper trade with the help of this strategy. then only power of this strategy will be seen.

 

[vsaran]

TP Sir,
I am new to BB and using TT.Please explain the following.
1) ' Plot EMA-3 to EMA-8 in double colour.(Blue-bullish;Red-bearish)'
How to plot Blue-bullish: and Red-bearish?
2)Hoe to modilfy the candle colour to Black?
3)Where is the entry and exit? Please explain.
Thanks.

 

[timepass]

TP Sir,
I am new to BB and using TT.Please explain the following.
1) ' Plot EMA-3 to EMA-8 in double colour.(Blue-bullish;Red-bearish)'
How to plot Blue-bullish: and Red-bearish?
2)Hoe to modilfy the candle colour to Black?
3)Where is the entry and exit? Please explain.
Thanks.

These charts have been generated using Sharekhan's Trade Tiger. Which software are you using for charting ? There should be an option to define the colors.

 

[columbus]

TP Sir,
I am new to BB and using TT.Please explain the following.
1) ' Plot EMA-3 to EMA-8 in double colour.(Blue-bullish;Red-bearish)'
How to plot Blue-bullish: and Red-bearish?
2)Hoe to modilfy the candle colour to Black?
3)Where is the entry and exit? Please explain.
Thanks.

In SUBGRAPH in any study, top colour is BULLISH candle and bottom colour is Bearish
candle.If you choose BLUE and RED then the BULLISH candles are represented in BLUE
and BEARISH candles in RED.If you choose BLACK for BOTH ,then NO candles will be
represented (If the background is BLACK.).

 

[vsaran]

Columbus,
What is the importance of Bollinger Band in this set up?