Applying Weekly Bollinger Bands on Daily Price Chart

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05/08/2018 at 3:40 PM #70000 quote

Maisam Zaidi
Participant

Junior

Hello,

Can anyone please explain how we apply WEEKLY BOLLINGER BANDS on DAILY PRICE CHART.

Thank you.

05/09/2018 at 8:01 AM #70030 quote

Nicolas
Keymaster

Legend

Sorry but this is not possible to add indicators from other timeframes to the current one.

05/09/2018 at 8:43 AM #70045 quote

Eric
Participant

Master

5×20 = 100?

count sunday 6×20?

05/09/2018 at 11:05 AM #70060 quote

Maisam Zaidi
Participant

Junior

@Eric

I was thinking the same. I will confirm with the author of the strategy.

Thank you for your help.

Regards,
Maisam

05/09/2018 at 11:19 AM #70061 quote

robertogozzi
Moderator

Legend

Usually math applied to the same indicator on different TFs doesn’t work!

You may open two charts with different TFs and have a try, with BB or Averages or whatever else.

05/09/2018 at 11:26 AM #70063 quote

Maisam Zaidi
Participant

Junior

@robertogozzi

Thank you for your input but I’m looking to infuse both bollinger on a single time frame.

I need to confirm how to apply it with the author.

Thank you.

05/10/2018 at 12:41 PM #70127 quote

Nicolas
Keymaster

Legend

An idea would be to collect the last X weekly Close and make their average. The hard part is to calculate the Standard Deviation on a non linear data serie and without array.

05/10/2018 at 7:53 PM #70163 quote

Maisam Zaidi
Participant

Junior

@Nicolas

That method can also be applied and I might have the solution for Standard Deviation but it needs to be performed on Spreadsheet.

I have confirmed with the author and he said that 5×20=100 can work fine. It will be not the same but quite good enough. Further analysis can be performed.

Thank you guys for your input. I really appreciate it.

Regards,
Maisam
Author

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