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-----Original Message-----
From: Tony Harring <greatsigns@xxxxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Saturday, June 06, 1998 1:28 PM
Subject: RE: MA Envelope
|you should look at Bollinger bands. I use them and change the parameters to
|18 and 1.8 instead of default 20 periods and 2 standard dev. When it gets
|very narrow it is due for a breakout in either direction. tony
|
How can you tell which direction? I have noticed that some of the time when
it moves
outside the band it will pull back in forming a turning point. Other times
it "slides" down
or up the band continuing to make new lows or highs. About the only thing it
tells me is
like you said -- when it gets narrow some thing is about to happen. But I am
constantly
getting caught on the wrong side! There has to be something that can be
combined
with these bands to help in the direction of the break.
Scott
|