The Bollinger Band

yep i know everything

 

yes i started using BB and they have made me profitable

 

i agree they made me profitable stopped me overtrading and so 90% of my losses have stopped helped me stop placement

 

you mean john999 or?

 

what are you talking about?

 

Bollinger bands give the most unambiguous signals for swing bottoms and tops.

For those who want to know how you can pay me 10000000 usd and i will explain

for those who do not want pay me you may google Bollinger bands and download the file how to use the bands for free
or see this video

 

Bollinger Bands are good for identifying volatility squeezes under certain circumstances. However, if using them for trend or swing trading, there are challenges. Because BB is based on an average and the volatility around that average, when price takes off from a stable condition the volatility expands because the average is not tracking the price action. Thus, the bands widen and price "walks the band". I wanted something that tracked price action and reflected the volatility around the movement, not the lagging average, With that in mind, developed then later published an indicator based on regression "Standard Error Bands" in 1996. Due to certain restraints at the time, I was required to give it such an ugly descriptive name and changed it since but not published differently (yet).

Check out the image to see how the average vs regression tracks price movement differently between the vertical lines. The green line is the moving regression value and red line is the moving average. The magenta horizontal line is the average looking back from the vertical line on the right and blue line is the regression line evaluating the same data. Notice that the average is horizontal, thus price action moving away from the average simply causes volatility to increase but does not reflect direction. Conversely, regression tracks direction AND volatility. Cheers!

 

unfortunately we have the BB only
what is regression though it sounds familiar
oh you too are drinking..Cheers

 

What platform are you using? Depending on what it is I will share. You can also Google "Standard error bands" (icky name though)

Only drinks for me are sparkling water lol. Cheers!

 

mt4
i have heard of sparkling wine