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A Different Look On A MacdBB
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A Different Look On A MacdBB

  #61 (permalink)
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Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
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@ollivermilton

It would much easier to help you if you would present an example or a trading scenario with a screen capture along with pretty arrows and commentaries on the chart. However, i would tend to agree that using BB's with time interval should give you a better idea of volatility since it is related to price expansion within a short amount of time. I do not use BB's but i did in the past when i was trading Forex as i was trained by a trader from London and European traders are a big fan of BB's. You might want to check the journal of ESFXTrader as he uses this tool quite a bit: thisThread


ollivermilton View Post
hi guys!
--
i need a little help and i am almost ashamed to ask such a stupid question but still i hope somebody can help...
--
i am using macdbb for my trading. i know how to read and how to apply them into my approach of trading.
i do understand the idea behind a macd and a bollinger band by itself but i have a little trouble understanding the combination of both and what it really means regarding price. i am also confused because i read in a different thread that the basic functionality - like displaying volatility - is not working with any other charts than timebased charts like 60 min. i use tick charts and someone said that a bollinger band is not working correctly with tick charts. why and how is that? and if so, what am i looking at? i also read that the bollinger band in the macdbb are using the macd as the basis for calculation...??

another thing:
when i look at a macdbb on a lets say 1000 tick chart. i always look for certain pictures like "seperations". this means that the "dots" and macdline are seperating itself from the bollinger band. when the bollingband is starting to move into the other direction und the macdbb is still pushing to the, lets say, upside, the seperation is getting bigger which tells me - basically - that the current move is showing some weakness and a reversal might occour. so far so good. but here is my problem: i have no idea what that really means and how to put that into correct words. what does is tell me when the bbs are seperated from the bands and what does it mean when the macd is still pushing up while the bollingband is already starting to turn. on the other hand what does it mean if macd is pushing already down while the bollinger band still points up?

i hope somebody would like to help me and that someone understads what i am trying to get across... hehe
--
thank you very much!



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  #62 (permalink)
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@trendisyourfriend

thx for your response.

my problem is that i know how to implement certain scenarios or outcomes of the macdbb into my trading without really understanding the exact mathmetical principals and its true message behind its structure. this sounds really silly but just look at my chart. i have no idea - in reality - what it means when macd is pushing up while the bands already change direction.

for my trading it means "caution - there is weakness and a potential for a revearsal" but what does it tell me mathematically. or how can you describe those mathematicall process with a few simple sentences. combined with my previous issues like what am i actually looking at if bolling bands do not work in tick charts.

thx for you help!

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  #63 (permalink)
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trendisyourfriend's Avatar
 
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NexGen did a very nice tutorial a long time ago about this MACD with Bollinger bands:

http://tinyurl.com/MACDBB-HowTo

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