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Trading the 6E Old School, With a Twist
Started:December 5th, 2011 (03:47 PM) by Cashish Views / Replies:62,603 / 588
Last Reply:November 12th, 2015 (08:30 PM) Attachments:802

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Trading the 6E Old School, With a Twist

Old December 22nd, 2011, 05:34 PM   #41 (permalink)
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@lolu

Your supposition is correct, I use Ensign Charting Software. All the indicators on all the charts I've posted are standard studies within the software, I simply put a check in a box and the histogram appears. Since my programming IQ is well below room temperature I'm happy with the program. I'm sure this visual could be programmed and displayed on NT and probably has been by someone. Good luck in your search and thanks for visiting the thread.

@Cashish,

With help from @Fat Tails and @Cory, I got my BB spread as histogram on my chart (see attached screenshot).

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Going through your thoughts in this thread, I seem to have come up with the annotations on my chart. Am I in sync with your thoughts on BB, BB spread and Volatility ?

Lolu

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Old December 22nd, 2011, 06:40 PM   #42 (permalink)
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Hope I'm not intruding....
Shouldn't it be rising and falling instead of high, low volatility. As I understood it the graph should basically be a direct display of volatility.


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Old December 23rd, 2011, 11:55 PM   #43 (permalink)
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@lolu "Am I in sync with your thoughts on BB, BB spread and Volatility ?"


Yes I believe you're in sync. Those are some great visual displays of the BB spread, the color change on the lower one is a great touch, very nice. Bollinger claims two indicators can be derived from BBs, %b and bandwidth. %b tells you where price is in relation to the bands, and bandwidth can alert the beginning or end of a trend.
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Not to push the issue but, can you adjust your upper and lower bands to change color to signal whether they are individually "rising or falling" I reposted a chart showing this. This is a good exit signal. Often during the end of a trend when a (single) band turns, price will give you "a second chance" to exit, during a quick retest of the last high or low. This chart shows 2 of these, I'll caution you, don't expect a total retrace to the high or low tick, but many times price will go deep into the "exit signal bar." Of course this is trading and sometimes price NEVER comes back. But knowing what significant prices are nearby is helpful. Remember, the BBs are just a piece of the total package, but I consider them an excellent volatility indicator.

Bollinger has a great website, http://www.bollingerbands.com/

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Last edited by Cashish; December 24th, 2011 at 12:06 AM.
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Old December 24th, 2011, 12:01 AM   #44 (permalink)
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vvhg View Post
Hope I'm not intruding....
Shouldn't it be rising and falling instead of high, low volatility. As I understood it the graph should basically be a direct display of volatility.


vvhg


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Old December 31st, 2011, 03:05 PM   #45 (permalink)
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Old December 31st, 2011, 03:55 PM   #46 (permalink)
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You can also plot a simple MA (20 period or so) of the volatility histogram, and use the "bar crossing the MA" as trigger. For some instruments, the direction of the initial move may be a fake. However, for hourly AUDUSD this has given good results during the latest months of turmoil


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Old December 31st, 2011, 07:52 PM   #47 (permalink)
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lolu View Post
@Cashish,

With help from @Fat Tails and @Cory, I got my BB spread as histogram on my chart (see attached screenshot).

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Going through your thoughts in this thread, I seem to have come up with the annotations on my chart. Am I in sync with your thoughts on BB, BB spread and Volatility ?

Lolu

Lolu,

Can you share the Oscillator?

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Old December 31st, 2011, 09:22 PM   #48 (permalink)
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Lolu,

Can you share the Oscillator?

It is not an indicator, it is really not an Oscillator indicator. It is a BBHistogram derived from the SMA and StdDev of the BB indicator. I just did what @Fat Tails guided me to do here. The additional thing I did is just on color tweak (using the ColorInputSeriesSlopeChanges indicator - which is available on futures.io (formerly BMT)) and which reliability or otherwise I'm just studying and testing.

Meanwhile, @Cory has his BBHistogram indicator posted here, and which has the color coding in-built.

Lolu

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Old January 5th, 2012, 01:31 PM   #49 (permalink)
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Old January 5th, 2012, 03:07 PM   #50 (permalink)
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Mike.. love the pics of your labs and retrievers. Would you mind doing a posting showing all of them by name..? Should we open a thread for the doggies of the traders.. ?
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