NexusFi: Find Your Edge


Home Menu

 





A Different Look On A MacdBB


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one TheWizard with 14 posts (30 thanks)
    2. looks_two eDanny with 4 posts (2 thanks)
    3. looks_3 trendisyourfriend with 4 posts (5 thanks)
    4. looks_4 cory with 3 posts (3 thanks)
      Best Posters
    1. looks_one RJay with 5 thanks per post
    2. looks_two Fat Tails with 4 thanks per post
    3. looks_3 TheWizard with 2.1 thanks per post
    4. looks_4 trendisyourfriend with 1.3 thanks per post
    1. trending_up 36,030 views
    2. thumb_up 63 thanks given
    3. group 28 followers
    1. forum 62 posts
    2. attach_file 16 attachments




 
Search this Thread

A Different Look On A MacdBB

  #61 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,175
Thanks Received: 6,020

@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!



Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
MC PL editor upgrade
MultiCharts
REcommedations for programming help
Sierra Chart
Increase in trading performance by 75%
The Elite Circle
Trade idea based off three indicators.
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
34 thanks
Tao te Trade: way of the WLD
24 thanks
GFIs1 1 DAX trade per day journal
15 thanks
Bigger Wins or Fewer Losses?
15 thanks
Vinny E-Mini & Algobox Review TRADE ROOM
13 thanks
  #62 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
Posts: 106 since Oct 2011
Thanks Given: 131
Thanks Received: 76

@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!

Attached Thumbnails
Click image for larger version

Name:	macdbb.PNG
Views:	422
Size:	267.5 KB
ID:	97216  
Visit my NexusFi Trade Journal Reply With Quote
  #63 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,175
Thanks Received: 6,020


NexGen did a very nice tutorial a long time ago about this MACD with Bollinger bands:

http://nexgent3.com/newvideos/June%205%20Final%20Flash%20for%20Web/T-3%20Macd%20BB%20lines/T-3%20Macd%20BB%20lines.htm

Reply With Quote




Last Updated on December 14, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts