Funny but I'm not John or Hubert, AND, most importantly the squeeze was not created by them -- let's just say they borrowed the idea from the Tradestation forum...
Hello, Could you kindly post the settings for BB Bands and Keltner Channels you are using if it is O.K. with you. Regards Saji
I like they way you still keep the O/H/L/C lines because the detail is still apparent unlike a c-stick method. Akuma
I realize that you most likely are not Hubert or John but isn't that the TTM squeeze indicator at the bottom of your chart that they sell for over $18,000 or whatever it is?...
4XIS4U Cool. Yet another way to measure volatility. Works pretty well as a scanning parameter for the daily charts too. Many thanks.
Here is a little tip I adapted from someone else. Put a 1 Std dev and 3 stdev BB over a price chart. If price is in a trend it will trade between the 1 and 3 stdev bands and when it moves back out the trend is usually reversing. So when the bands get narrown the breakout from the 1 zone into the 1<zone<3 is the start of the trend and you can go long or short. The move usually pulls back to the 1 STDv band and then continues so you usually get a second entry. Try putting a 1stdev and 3 stdev BB over the price chart and you will see what I mean.
what period or length do you set the the bollinger bands when at 1 standard deviation and 3 standard deviation.
Sorry I left that out lol, I just use the 20 period and it works on daily as well as intraday on 5-minute charts. Honestly on breakouts you could trade on these two bands alone. I have been developing rules with them as I trade off of them and make good and bad trades. There are good trending channels between the bands. Also add a 20 and 40 period EMA to the chart for great pullback support and resistance. Also add pivot points for additional support or resistance. I am working on ways to use only these indicators which give great breakout entries. Jury is still out so take it all with a grain of salt. Still perfecting it so to speak but some of you might have success with it. I can post a chart or two when I get a chance.