As you know for a long time many years, we've shown the MA
ribbons on Stockcharts - which are useful for nothing when they are
pinching or getting too wide, or when they flip from a bullish to
bearish configuration or vice versa.
On Tradestation since we have the BPT MA Deluxe - we place that
on the MA ribbons to give it an even more striking visual effect
for the last 1.5 years
In Tradestation we watch the BPT MA and how it stretches away
from the 4 MA Ribbon - in stockcharts - we only have the ribbon
itself
that said - while you can see when the BPT MA Deluxe gets to far
away from the MA ribbon, it's also subjective - difficult to
quantify it.
I was playing around and placed Bollinger Bands on the BPT MA
Deluxe with ribbons and this appears visually to give nice signals
- most of the times when you see the BPT MA Deluxe get too
stretched away from the MA Ribbon - the BPT MA will also go outside
of the Bollinger Bands - thus giving more of an objective signal,
here's a couple examples
follow up - nice hard sell off and now nice hard bounce off that
low - question is this a wave B forms lower high etc
however I expected the bounce off those washout intra day lows
to be fairly strong - for example using the MA ribbons/BPT MA
Deluxe and BB example on a 5 min
price you see that BPT MA so far from the ribbons, typically
your bounce won't just be some small bear flag- but more of a
larger retracement - you can see how the BPT MA was also outside
the Bollinger Bands there at the low
one trigger for a long on that is either off a candle or when
the BPT MA goes green
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BPT MA Deluxe on the Ribbons - with Bollinger Bands
Posted by matt on 22nd of Oct 2021 at 12:38 pm
As you know for a long time many years, we've shown the MA ribbons on Stockcharts - which are useful for nothing when they are pinching or getting too wide, or when they flip from a bullish to bearish configuration or vice versa.
On Tradestation since we have the BPT MA Deluxe - we place that on the MA ribbons to give it an even more striking visual effect for the last 1.5 years
In Tradestation we watch the BPT MA and how it stretches away from the 4 MA Ribbon - in stockcharts - we only have the ribbon itself
that said - while you can see when the BPT MA Deluxe gets to far away from the MA ribbon, it's also subjective - difficult to quantify it.
I was playing around and placed Bollinger Bands on the BPT MA Deluxe with ribbons and this appears visually to give nice signals - most of the times when you see the BPT MA Deluxe get too stretched away from the MA Ribbon - the BPT MA will also go outside of the Bollinger Bands - thus giving more of an objective signal, here's a couple examples
follow up - nice hard
Posted by matt on 22nd of Oct 2021 at 12:50 pm
follow up - nice hard sell off and now nice hard bounce off that low - question is this a wave B forms lower high etc
however I expected the bounce off those washout intra day lows to be fairly strong - for example using the MA ribbons/BPT MA Deluxe and BB example on a 5 min
price you see that BPT MA so far from the ribbons, typically your bounce won't just be some small bear flag- but more of a larger retracement - you can see how the BPT MA was also outside the Bollinger Bands there at the low
one trigger for a long on that is either off a candle or when the BPT MA goes green