I wrote this up as a potential replacement for my BB based strategies, and so far it's looking pretty nice.
Description / Usage:
Adjust length and multiplier much the same way you would expect with Bollinger Bands.
Multiplier of 1 gives you a base channel consisting of one high, and one low sourced SMA (or EMA)
The outer channels are increments of the base...
Basic high and low channels, allows for two high and two low channels of specified lengths.
Use for channel breakout trades, basic idea is to go long when the longer high channel is broken and close when shorter low channel is broken, vice versa for shorts
Feel free to leave me a tip if you like this script: 1MprT7YEEWaM6bUcpD7eeHM3Ht8n3R5jP1
All right people... !!
Here is one more crazy stupid experiment by me while boosing. I call it..... Well Bollinger Bands for now..
If you like it and find it useful, give me suggestions, we can name it.
Its was just an idea of removing unnecessary opposite bands (noise i say) and it turned out to be useful to me.
After finishing, I saw good locations of support...
This is combo strategies for get a cumulative signal.
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow...
I realise that was unnecessary EMAs (in version 1), so I removed they.
The green zone is the original EMAs and the blank and gray ones are projected EMAs. I'm using this to know good entry points and the exits for scalping.
(work well only for well defined trends).