Defining Intra-Day Trend...

Originally posted by PHISEL
Hello,
Bollinger bands are a good indicator to evaluate the trend and the capacity of continuation of this trend.
don't you use them?
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Thanks for the post:


I've looked at them, but haven't figured a way to use them to help me see a trend. What's your criteria?
 
When bands are very near and the 20-MA is flat, it is a flat range but we expect a big move , and the prices can move strongly out the upper or the lowwer band, and the bandwith increase , because volatility increase.

when bands and 20-MA are flat but in a large size, there is a small trend within the upperband and the lowerband.

It is a more visual approch than ADX, but the moves of BB and ADX are comparable.
 
Originally posted by PHISEL
When bands are very near and the 20-MA is flat, it is a flat range but we expect a big move , and the prices can move strongly out the upper or the lowwer band, and the bandwith increase , because volatility increase.

when bands and 20-MA are flat but in a large size, there is a small trend within the upperband and the lowerband.

It is a more visual approch than ADX, but the moves of BB and ADX are comparable.
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Sounds great buddy...I'll definitely lay it out on some charts and check it out.:)
 
BB works in any time-frame. three time-frames are good (60min-15min-5min for exemple, or weekly-daily- hourly charts);
The parametres are classicals : 20 period-moving average (middle band) and + - 2 standard-deviation (upper and lower band).
 
"50% is cool...which one is your favorite?"

I use LBR's 3/10 oscillator, the ticks and a 20 ema.but just to confirm a chart pattern that I like. I give about 80% weignt to the chart pattern, 20% to the indicators.
 
You can use a real time screener like Traderbot to spot Nas 100 stocks that momentarily pull a jump or dip that you can jump on. Works for me. Of course don't short a shooting star on a strong day and don't buy a bugger on weak day. This style means you're not in anything 95% of the time. Actually don't try reversals (picking the bottom or top) until you have at least 1000 momentum trades under your belt.
 
Originally posted by frogy
Breakout

What software program are you using to chart 100 tick bars?

Thanks
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Hi...I use Omega Supercharts real/time. I 've been told that
omega has stopped selling their stand-alone software in order to promote their on-line "Tradestation 6" , but you can occasionally find omega products for sale on Ebay.


Supercharts real/time, Tradestation 4 and Tradestation 2000i
will all draw 100 tick charts. Hope this helps.



P.S. Also, I would just like to thank all you guys that posted on this thread. Some very interesting stuff. Thanks!!
 
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