Hi there,

I've been using bollinger bands to create the relative definitions of overbought/oversold for RSI. It appears to be more adaptable than creating OS/OB readings by using some fixed number and moving it around manually for different time scales/markets. Bollinger provided a set of parameters for different indicators that he found, through testing, worked the best to define appropriate band widths. I've been using his recommendations and intend to continue doing so until I get enough data from personal use to warrant changing them.

Since a very high or low MACD can also indicate reversals, it would make sense to do something similar if using the MACD. However, Bollinger provided no recommendations for that particular indicator. Has anyone been using bollinger bands on their MACDs? If so, what parameters have you found give the best overall results?

I assume you mean on the histogram.

Ive only seen 100 used on indicators so Id start with that.

Start with a period of 100 and STD of 1.

Thanks