BlackBars
54 posts
msg #142779
- Ignore BlackBars |
3/16/2018 11:38:05 AM
Whenever price trades outside a 4.0 standard deviation Keltner channel, it usually indicates price has stretched beyond an extreme and may "snap back". So essentially when price reaches outside the 4.0 deviated Keltner bands, the window for the trade is open in the opposite direction.
See for yourself !!
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shillllihs
6,044 posts
msg #142780
- Ignore shillllihs |
3/16/2018 2:10:29 PM
Funny you mention them but I’ve just added keltner bands to create a system 2 weeks ago.
I’ve been saying for awhile that standard error and bb. should be incorporated in most any system.
In fact I use all 3 together. But these only work in a trending market.
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BlackBars
54 posts
msg #142781
- Ignore BlackBars |
3/16/2018 2:14:21 PM
Is this system you created in SS or SF?
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shillllihs
6,044 posts
msg #142783
- Ignore shillllihs |
3/16/2018 3:02:31 PM
Neither.
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BlackBars
54 posts
msg #142784
- Ignore BlackBars |
3/16/2018 3:22:51 PM
If you are making a system that has a mandatory of different types of bands/channels, I'd dive into the concept of fibonacci bands. I've been super profitable trading using them as a base tool alone.
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sammyn
81 posts
msg #142789
- Ignore sammyn |
3/17/2018 8:52:55 AM
Black:
Can you provide some more info or examples using Fib bands?
I haven't seen it before (normally just replacements).
Thanks!
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BlackBars
54 posts
msg #142858
- Ignore BlackBars |
3/22/2018 11:57:00 AM
sammyn,
Familiarize yourself with the concept of Fibonacci retracements and S/R levels before diving into Fib Bands. I primarily use it when trading currencies rather then traditional equities.
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