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memphis
Posts: 74 since May 2016
Thanks Given: 110
Thanks Received: 15
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Good Afternoon ,
I am looking to use both the 2 and 3 SD Levels via BollingerBands , in Conjunction with another Indicator that " gives " strong Confirmation Signals " when the Market you are trading is in EXTREME Overbought / Oversold territory .
I am considering using the RSI , with the EXTREME levels set to 80 and 20 ?
OR
Was thinking of using a Stochastic " Sling " type Indicator, that too, is set to the EXTREME levels / " Triggers " being set to the 80 and 20 levels ....... Maybe go with 90 and 10 levels instead of 80 and 20 ?
I am NOT looking to use the combonation of these Two Indicators , for Entries necessarily ,
But want to use them together , to help " confirm / shore " up IMO , strong Support and Resistance levels .
I trade pure Price Action and Price Patterns using nothing but the ATR ,
but have recently decided to test the use of 2 Indicators, that both show and signal when the Market being traded, has reached it's most Extreme of Levels
Thank you for any advice and recommendations
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