What range would you recommend for a standard deviation channel for day trading? I generally look for reversals at the 2nd SD lines. The channel I've been using is based on the previous 24 hours rolling, but I'm wondering if anyone uses a different time period? Or maybe you have the channel start from the beginning of the previous or current day? Let me know!
I run VWAP with 2 std dev bands on all four US indexes starting at EU open along with volume profile histograms starting at both the EU and US open.
do you have a method of telling WHEN these channel parameters need changing? do you really believe there is a universal parameter for the next 100 years? if you can't answer these 2 questions,how do you trade actually?