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Effective URL: https://blog.kiwoonlearning.com/i-found-the-best-settings-for-bollinger-bands-5ee2cb3b42d5?gi=920e992dc10f
Submission: On July 31 via api from US — Scanned from DE
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Open in app Sign up Sign In Write Sign up Sign In Mastodon Member-only story I FOUND THE BEST SETTINGS FOR BOLLINGER BANDS Caleb Kim · Follow Published in Kiwoon Learning · 5 min read · Sep 1, 2022 515 8 Listen Share www.pexels.com (2022) Well… …kinda. Over 1,500 data points with 1,000,000 back-tested trades… Sounds like that’ll do it, right? No. Not Really. As you read the following, please… do not repeat what I did at home. You may not have a life. WHAT ARE BOLLINGER BANDS? Bollinger Bands help determine the relative price based on a certain time frame. They mainly consist of two things. The midline and the two lines that contract below and above this line. The midline is typically an SMA(Simple-Moving-Average). The SMA is quite straightforward. It is given a length (19, 20, etc.)and then the length is calculated as the average of that data set. For example, the SMA will continue to move up/down based on the new data that the market puts out. Image by Sabrina Jiang © Investopedia 2021 And then there are the upper and middle lines. these follow the overall movement of the SMA, but they are a certain standard deviation away from this midline. According to Cory Mitchell in an article called “Using Bollinger Bands to Gauge Trends” he states that when you use the default settings — 20 SMA, 2 Standard Deviations — > “The upper band is calculated by taking the middle band and adding twice the > daily standard deviation to that amount. The lower band is calculated by > taking the middle band minus two times the daily standard > deviation.”(Investopdia 2022) > Well that makes a lot of sense… Basically just think of it as three lines that oscillate(move back and forth) based on change of volatility. WHY DO WE USE IT? Bollinger bands help bring something different than seeing a singular line waving up and down your screen. Now, there are three lines and it looks like a Boa constrictor. On an actual note, Bollinger Bands help potentially determine areas in which a security may have made an… READ THE FULL STORY WITH A FREE ACCOUNT. The author made this story available to Medium members only. Sign up to read this one for free. Continue in app Or, continue in mobile web Sign up with Google Sign up with Facebook Sign up with email Already have an account? Sign in 515 515 8 Follow WRITTEN BY CALEB KIM 229 Followers ·Editor for Kiwoon Learning Business Development Specialist for Ternary Developments Follow MORE FROM CALEB KIM AND KIWOON LEARNING Caleb Kim in Kiwoon Learning THE BEST SETTINGS FOR MACD EVER QUESTIONED THE “DEFAULT” SETTINGS? ·4 min read·Sep 18, 2022 236 3 Timothy Chang in Kiwoon Learning THIS GRAPH HAS PREDICTED EVERY RECESSION SINCE 1976. WHAT IT’S SHOWING NOW. WHAT IF I TOLD YOU THAT A SINGLE GRAPH PREDICTED THE COVID PANDEMIC AND EVERY RECESSION IN THE PAST 50 YEARS. IN AUGUST 2019, MOVEMENTS… ·5 min read·Mar 17, 2022 6.6K 74 Timothy Chang in Kiwoon Learning WHAT IS THE FEDERAL RESERVE AND HOW IS IT FIGHTING INFLATION? SO YOU’VE PROBABLY SEEN THIS GUY ON THE NEWS A LOT. ·6 min read·Jul 26, 2022 36 2 Caleb Kim CONCEPTS I WISH I WAS TAUGHT WHEN I STARTED DAY-TRADING THERE ARE THINGS THAT I’M GOING TO MISS, THAT’S JUST THE FACT OF THE MATTER… BUT HERE ARE SOME CONCEPTS THAT I WISH SOMEONE HAD TAUGHT ME… ·5 min read·Dec 2, 2022 59 1 See all from Caleb Kim See all from Kiwoon Learning RECOMMENDED FROM MEDIUM Nomad in Coinmonks BACKTESTING TRADING STRATEGIES WITH CHATGPT IN PYTHON: A STEP-BY-STEP GUIDE BACKTESTING IS A CRUCIAL STEP IN DEVELOPING A TRADING STRATEGY THAT CAN POTENTIALLY YIELD PROFITABLE TRADES. IT INVOLVES TESTING YOUR… ·4 min read·Feb 22 101 1 Kristen Walters in Adventures In AI 5 WAYS I’M USING AI TO MAKE MONEY IN 2023 THESE DOUBLED MY INCOME LAST YEAR ·9 min read·Jul 19 17.6K 280 LISTS NEW_READING_LIST 174 stories·43 saves PRODUCTIVITY 229 stories·35 saves Joseph Mavericks in DataDrivenInvestor 3 STRATEGIES THAT OUTPERFORMED THE S&P 500 BY 200%+ FOR THE LAST 10 YEARS DISCIPLINE + CONSISTENCY = MONEY ·11 min read·Feb 16 1K 14 Hanane D. HOW TO LEARN ALGORITHMIC TRADING USING CHATGPT HOW TO START LEARNING ALGORITHMIC TRADING USING CHATGPT, TREND FOLLOWING ALGORITHMS WITH PYTHON ·8 min read·Feb 11 293 4 Nomad BUILDING A TRADING BOT IN PYTHON: A STEP-BY-STEP GUIDE WITH EXAMPLES IN RECENT YEARS, AUTOMATED TRADING HAS BECOME INCREASINGLY POPULAR IN FINANCIAL MARKETS. THE USE OF TRADING BOTS HAS REVOLUTIONIZED THE WAY… ·4 min read·Feb 25 39 2 Kam Fatz HOW I EARNED $1,244.86 IN JUST 96 HOURS: A STEP-BY-STEP GUIDE HERE’S WHAT I DID… ·18 min read·Apr 9 2.4K 36 See more recommendations Help Status Writers Blog Careers Privacy Terms About Text to speech Teams To make Medium work, we log user data. By using Medium, you agree to our Privacy Policy, including cookie policy.