Using BollingerBands ( 2 SD & 3 SD ) levels in conjunction with RSI ??

[MACD]

Most of those following this thread will, no doubt, find this reply incredible. Why, until you actually trade the method that you suggest (BB with RSI) --for as long as I have -- you will not believe that it works more than 90% of the time and will be consistently profitable. The next thing that will create disbelieve is that I can demonstrate it live with skeptics watching. If this is of any interest, feel free to contact me and requesting either a private thread or a private message. (It is impossible to write out all that one needs to know to adequately explain how to utilize this method with a concise post here.) BTW -- no charge to you so accusations of Trolling will not stand up.

 

[Buy1Sell2]

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

Discard the 3 SD level in the BB. Learn to use the BB with just the standard 2 SD. It works just fine.

 

[SunTrader]

Almost every price indicator is based on rate of change ... so why not just use ROC itself.

Not the ratio version but (price/price x nbr of bars ago) * 100.

Above 50 bullish, below bearish.

ROC on.