Has anybody figured out the bb Width indy? I am looking for it too, tx

Has anybody figured out the bb Width indy? I am looking for it too, tx

First a thanks to Zeller4 for his contribution to this indicator.

I trade a simply as possbile, by reading the PRICE action, then only do I see if a simple indicator can confirm.

The Bollenger Bands work, is that when you start a TREND, the Top and Bottom Band EXPAND, and when there is NO trend they CONTRACT. By measuring the Width of the Bands, as soon as the WIDTH BANDS makes a turn UP from the Bottom, you will see a very sharp turn in the upper band for a LONG entry, or if the Botton Band turns down very sharply you have an Entry for a SHORT. By just looking at the BB Width indicator, you can tell if you are starting a TREND move (up or down) if the indicator goes UP (i.e. Widening of the BB Bands). As soon as the BB Width indicator starts to go down and remains in a flat position, you are in a CHOP zone (i.e. called a squeeze). Look at the Green circles on the chart for the sharp turn and the indicator pointing up. See also the Chop zone where the indicator is going down and Flat at the bottom.

I hope this can help some traders as an extra tool and also another way of looking at a chart.

Perry

What is the multi color band in the middle of your chart? How can I add this?

Thanks!
Dave

I will call @perryg for you to see if he can answer.

Welcome to the forum.

Mike

Hey guys -

Apologies for bumping this old thread but I was wondering if anyone has seen a BB Bandwidth indicator for NJT 8?