The standard deviations of the highs and lows are done separately. The result is Bollinger Band composite that works better for setting extreme points where the price will most likely not breach. The method for timing the entries are oscillators such as stochastics or Rsi.
These boundaries can then be used to set credit spreads such as call and put vertical...
These work better than the standard Bollinger Bands for setting extreme ranges.
What I use these for is to use an oscillator to find an buy / sell signal then take that to the H L Bollinger bands and mark the spot. Most of the time, you will find that the price does not exceed this spot for the duration (length) of the H L Bollinger bands.
This makes them...
Relative currency strength chart. This is a copy. Original work by Safv6.
CHF = Aqua Blue (light)
EUR1.34% = Maroon Red
GBP-0.01% = Blue (dark)
AUD = Orange
NZD = Gray
CAD = Green
USD = Red
JPY = Yellow
This is a triple stochastics script with stochastics in Fibonacci sequences 55,89,144. I have also added colors to indicate the angle or direction. Up is green and down is red.
All three the same color and at one extreme are good indications of high probability trades.
You can also use these like stochastics using the traditional 20-cross or 80-cross.
Fibonacci levels can become powerful ways to find almost EXACT support and resistance levels and also time your trades. I have used them to predict turning points in markets on short time periods but they also are predictive in larger time frames.
How to Align Fibonacci Levels:
A very good and objective way to draw your Fibonacci levels is to use Gann...