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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (29687)7/2/2021 4:20:16 PM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

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It seems to me, and I am still developing this, that these are the merits relative to the standard BB:

(1) The midline (blue) is a better marker of where to place buy/sell orders.
(2) When the bottom band (red) is rising, and the upper band (green) has stopped falling (flat to slightly rising), then you can trust a bottom has been reached, whereas if the green is rising but the red is falling, then it is overextended and you should wait for a pullback.
(3) When used with the standard BB, the crossovers of the upper bands, middle line, and the lower bands, provide 3 timely confirmations of each other. Conversely, lack of crossovers on a pullback indicates a buying opportunity.

I will have to write another script to backtest these hypothesis, but I am curious as to how you guys use BB and how this jives with your normal use.
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