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Settings for Bollinger Bands |
rishu
White Belt
Joined: 08 Dec 2009
Posts: 38
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Post: #1  Posted: Tue Jan 12, 2010 2:22 pm Post subject: Settings for Bollinger Bands |
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Dear swing trader,
What should be the ideal settings for bollinger bands on a 60 minutes chart. The default settings are 9.
Please Reply,
Regards,
Rishu |
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ssrivatsa
White Belt
Joined: 02 Sep 2009
Posts: 9
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| Post: #2 Posted: Tue Jan 12, 2010 3:42 pm Post subject: |
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Try 17-18 (basis - half the number of bars in a week of 5 trading days).
Alternately, you can look at 15 also if you want to ignore the last bar which is for 30 min only. The difference is unlikely to be impacting your calls. |
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rishu
White Belt
Joined: 08 Dec 2009
Posts: 38
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| Post: #3 Posted: Tue Jan 12, 2010 4:42 pm Post subject: |
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Thanks for guidance Mr. Srivastva.
Regards,
Rishu |
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sdeepa
White Belt
Joined: 08 Aug 2009
Posts: 47
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| Post: #4 Posted: Tue Jan 12, 2010 7:13 pm Post subject: Reg.BB |
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Dear Mr.S.Srivastav,
I am using BB of 20DAYS with 20minutes times frame which is giving very good results. You can try for that. The no of days is from 7 -30 days according to your convenient based on long term or intraday trading.
Kind Regards,
S.Deepa |
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