Registered User
Joined: 4/20/2013
Posts: 13
|
Hello,
I am trying to determine the correct horizontal line to use with the Bollinger bandwidth indicator.
If I am looking at a daily, weekly or monthly chart; it appears the best horizontal line to use would be a setting of 0.02.
If I use a one year chart; it appears the best horizontal line to use would be 2.0
Can someone clarify for me a best horizontal line and /or time frames to use with BW?
Thank you!
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
The trainers can't give setting, interpretation or investment advice. I will move this topic to the Stock and Market Talk forum where other traders are more likely to see it and reply.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
Registered User
Joined: 1/28/2005
Posts: 6,049
|
QUOTE (Kneissl)
Hello,
I am trying to determine the correct horizontal line to use with the Bollinger bandwidth indicator.
If I am looking at a daily, weekly or monthly chart; it appears the best horizontal line to use would be a setting of 0.02.
If I use a one year chart; it appears the best horizontal line to use would be 2.0
Can someone clarify for me a best horizontal line and /or time frames to use with BW?
Thank you!
There is no correct answer.
Trading is about definitions you create based on what you do.
If .02 looks best use that.
Im not sure what yearly data would have to do with trades today.
Things like money management will be much more importent vs "correct" numbers.
Thanks
|
Registered User
Joined: 4/20/2013
Posts: 13
|
Mr. Diceman,
Can you please email me?
I would like to ask a few questions.
Thank you,
William
kneisslwill@yahoo.com
|