Extreme Deviation Automatic Price Targeting - "X_DEV" - Bitcoin

[Tom K]

Hello all,

I'm new to this board, so please bear with me. I've just started to experiment with using Bollinger Bands as a timing tool. If I understand it correctly, X_Dev works similarly - Identifying extreme deviations from a moving average or mean of a particular security and "averaging in" (or out)as signals are generated.

Was wondering if any of you have had experience using Bollinger Bands as a market indicator, particularly the NASDAQ Composite. I've noticed that a Bollinger Band 40,2 combo helps to identify excellent intermediate term entry/exit points, HOWEVER, it also generates many false signals. I'm exploring filters to help eliminate the false signal. One technique seems promising so far: Only act on BB signals that correspond with BPI or Summation Index overbought/oversold levels. Thoughts?

Below is a link to my current NASDAQ Model if you're interested. Thanks!

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID368318