Abdi wrote: Wed Dec 20, 2023 7:25 pm
All good GeldenBrett. I like the idea. Thx
How do you use it in your trading?
It's just that sometimes, when the code geht's to long, Kvak has to take some thing out to add new features.
Here it was not the case.
And as alwas, great job Kvak. Thank you very much!
I haven't explored many of the exotic MA's within this concept, yet, but for awhile now I've just been using 7-period LWMA set to Median and I delete the interior color filling between the first high and low.
When price touches the outer bands, you can expect a pullback, or it's a sign of a very strong trend depending on what your settings are for the deviations.
In addition to this, I also use the confluence of supply & demand zones.
I pretty much just use it as a more accurate way to determine overextended moves away from the "mean" / area-of-value, in order to know when price is likely to retrace, or even reverse when supply & demand becomes an influence.
It's a tool for "mean-reversion" and trend trading.