Let me add that 10 period Bollinger band 1SD, was extensively back tested at MIT by David Elliott about 30 years ago. When price is riding/repeatedly penetrating upper such band THE TREND IS UP IF THE BAND IS HEADED UP AS WELL (this holds true on any time frame chart--5 minute/15M/1H/4H/D/W etc.--direction changes when in that band price rides the lower 1 SD band. INSIDE 1 SD band (10 period) all movements are market noise--and trend RESIDES OUTSIDE that band. If price is riding 1SD band on MTF(say 5M,15 M,1H) simultaneously, you can be sure you are doing the right thing by buying. Martinelli also did work on this noise band. Longer trend can be easily checked by whether 50 period MA is above or below 100 period MA. Comments are welcome
Let me add that 10 period Bollinger band 1SD, was extensively back tested at MIT by David Elliott about 30 years ago. When price is riding/repeatedly penetrating upper such band THE TREND IS UP IF THE BAND IS HEADED UP AS WELL (this holds true on any time frame chart--5 minute/15M/1H/4H/D/W etc.--direction changes when in that band price rides the lower 1 SD band. INSIDE 1 SD band (10 period) all movements are market noise--and trend RESIDES OUTSIDE that band. If price is riding 1SD band on MTF(say 5M,15 M,1H) simultaneously, you can be sure you are doing the right thing by buying. Martinelli also did work on this noise band. Longer trend can be easily checked by whether 50 period MA is above or below 100 period MA. Comments are welcome
Thanks for the feedback!
Do you have a name/source for that MIT study on BB?
The best indicator ever!
Sure?
99% Thank You , Thank You , Mr. John Bollinger 4/10/2021 .
Congratulations
This makes me excited. Thank you, Sir.
Thanks
Welcome
Intraday for 5 minutes' time frame which is the best BB set-up
I think30 min is best.
Long life
sound is very poor on this video. great content though
Thanks for watching. We did a recent one with John and Zoey that you can check out on our channel.
36:30 the only thing i learned from this infomercial was how to fart and act like never happened...
40 bars is better
Very Nice!!(2022.6.21)
Market fell bad the next day worldwide of posting this video
Too much stammering makes disturbs listening. Too much ha..ha..ha...ha....ha....
This is boring, why this guy simply everything. No buying your book.