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Bollinger bands buy sell afl

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bollinger bands buy sell afl

Password Register FAQ Calendar. Bollinger Band with ADX System AFL - Opinion Required. Hello fellow traders A few days a go I ran into this post by rkkarnani where he presents an excerpt from the book Technical Analysis of the Currency Market, by Boris Sclossberg. Today I ran into this post by kaka Thank you both gentlemen Anyway I decided to combine these two posts in one AFL as an exercise. So what this afl does is generating buy signals shorting is not implemented yet if price closes above the Bollinger Band with smaller standard deviation and sell signals bands it closes below. To minimize whipsaws it filters the signals through a 14 periods ADX crossing it's 10 days Moving Average. These parameters are customizable. Unfortunately It still has whipsaws, especially in buy volatility stocks. Far less than when it is used unfiltered, but still there sell some. I would like you comments please regarding 1. Is my filtering method good enough? How can I reduce further the whipsaws? Anything else that might be useful I didn't back bollinger it because I am still trying to understand Amibroker. I just did a visual inspection in a few stocks with EOD data. Please keep in mind that this is still a work in progress and please be gentle as you always are with this noob. Last edited by luke; at The Following 12 Users Say Thank You to luke For This Useful Post: Is the basic assumption that Bollinger Bands can provide reliable signals to a good extent correct? Here is an interesting article further links. The Following 8 Users Say Thank You to Adheer For This Useful Sell Adheer View Public Profile Find all posts by Adheer. The Following 10 Users Say Thank You to JJ For This Useful Post: AC7alexcolumbusedakadkkseallukeRajendraRaulSantoshxyte. JJ View Public Profile Visit JJ's homepage! Find all posts by JJ. Adheer I don't know how correct is this assumption. It bollinger looked very sensible and simple when I have buy that excerpt. That is why I try to filter it with something. I wouldn't rely on sell signals generated by this system to exit positions. I would prefer to sit there buy get kicked out when my stop get hit or maybe signaled from something else. The Following 3 Users Say Thank You to Adheer For This Useful Post: I afl a few modifications and now I think it gives less false signals. Unfortunately I couldn't make it not to signal long at the top of the trend. As for the sell signals I didn't bother much to play with them. In downtrends it keeps one almost out of the market but it doesn't take advantage of pullbacks either. Maybe if it is combined with a visual check of ADX and RSI divergences it becomes more reliable. The Following User Says Thank You to luke For This Useful Post: Personally, I am not a fan of using standard deviations on prices which is how Bollinger Bands are calculated. I rather prefer log-normal values of daily changes. Instead bands using the Bollinger Bands derived using standard deviationshere I am using an alternate method of computing and integrating standard sell bands using log-normal values of daily changes. It seems to give much better results, but you must verify it. Replace your existing section Code:. The Following 5 Users Say Thank You to Adheer For This Useful Post: Bollinger, there are better ways to normalize the center point of the buy instead of using a simple moving average. Last edited by Adheer; at The Following 2 Users Say Thank You to Adheer For This Useful Post: Here afl some better ideas for normalizing Bollinger Bands http: The Following 4 Users Say Thank You to Adheer For This Useful Post: Sir can an afl be made out of these condition. The Following 2 Users Say Thank You to jack For This Useful Post: Thread Tools Show Printable Version Tweet This Email this Page. Display Modes Linear Mode Switch to Hybrid Mode Switch to Threaded Mode. BB code is On. The time now is Contact Us - indiTraders. Add Thread to del. Content Relevant URLs by vBSEO 3. Page 1 of 2. Bollinger Bands with ADX System AFL - Opinion Required Hello fellow traders A few days a go I ran into this post by rkkarnani where he presents an excerpt from the book Technical Analysis of the Currency Market, bollinger Boris Sclossberg. Find all posts by luke. Find all posts by Adheer. Originally Posted by Adheer. Originally Posted by luke. Replace your existing section Code: Bollinger Bands do not generate buy and sell signals alone. They should be used with another indicator. This is because when price touches one of the bands, it could indicate one of two things. It could indicate a continuation of the sell or it could indicate a reaction the sell way. By themselves they do not tell us when to buy and sell. However, when combined with an indicator such as RSI, they become powerful. RSI is an excellent indicator with respect to overbought and oversold conditions. When price touches the upper band, and RSI is below 70, we have an indication that the trend will continue. When price touches the lower band, and RSI is above 30, we have an indication that the trend will continue. Afl we run into a situation where price touches the upper band and RSI is above 70 possibly approaching 80 we have an indication that the trend buy reverse itself and move downward. On the other hand, if price touches the lower band and RSI is below 30 possibly approaching 20 we have an indication that the trend may afl itself and move upward. Avoid using several different indicators all using same input data. If you're using RSI with the Bollinger Bands, don't use MACD too. They both use bands same inputs. Consider using On Balance Volume, or Money Flow with RSI. Relying on different inputs afl measure different things. They can be used together as further confirmation of a trend. Find bands posts by jack Switch to Hybrid Mode. Switch to Threaded Mode. You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies bollinger On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are On Refbacks are On Forum Rules. bollinger bands buy sell afl

Trading with the Bollinger Bands

Trading with the Bollinger Bands

3 thoughts on “Bollinger bands buy sell afl”

  1. agrigon says:

    At the very least, this information will deter future recklessness.

  2. afmizen says:

    Published in The New Statesman and Nation, a longer version appears in Collected Essays, Journalism and Letters I.

  3. Akvell says:

    Finding the most beneficial type of support is a process of trying different ideas and openly exchanging thoughts on what works best.

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