Discover and read the best of Twitter Threads about #bolingerbands
Most recents (1)
How to trade based on multi-time frame analysis and make a simple system. Have observed that in sideways market index oscillates between upper and lower band of bollinger band.
big question is how we can trade it. can be done by borrowing view from daily time frame (1/4)
big question is how we can trade it. can be done by borrowing view from daily time frame (1/4)
and execution based on hourly time frame. have tried to explain through attached chart. I know sample size is less but this is just and idea - pls do back-test on larger sample size
(2/4)@jitendrajain
(2/4)@jitendrajain
conditions of bullish trade: [vice versa for bearish]
a) Nifty above 20SMA on daily charts
b) Buy when nifty touches lower bollinger band on hourly
charts
c) stop loss - 50 points
d) target - Target 1 20SMA on hourly chart
Target 2 - upper bollinger band on hourly chart.
(3/4)
a) Nifty above 20SMA on daily charts
b) Buy when nifty touches lower bollinger band on hourly
charts
c) stop loss - 50 points
d) target - Target 1 20SMA on hourly chart
Target 2 - upper bollinger band on hourly chart.
(3/4)
