Signal is generated when (1) a reaction is obtained from price re-entering BB10.1 (upper band), AND (2) price going below EMA 3 on daily.
Question 1) - No time-frame is mentioned - understanding that one starts watching 30 min, does this mean the Early warning is on the 30 min chart? Since the EMA 3 is referenced, I think it really applies to the final BOSS, or daily chart. Is this correct?
Second level of confirmation is when EMA 3 goes below EMA 5, AND (2) price goes through BB 10.2
Question 2) Does the statement "price goes through BB 10.2", refer to the Upper, Middle, or Lower band?
-Third confirmation is when EMA 3 and EMA 5 go below EMA 10. Clear.
Fourth confirmation is when the three moving averages cross center line of BB 10.1/20.1 AND price of course has already gone below center line. Again, clear
Fifth confirmation is when MA 10 goes below MA 20. As long as EMA 3 is below 5 you remain short until price goes below 10.1 and 10.2 lower bands. Again, clear
At this time CCI is oversold, first alert is when price crosses 10.1 lower band upwards and goes out of oversold....and the chain is reversed. Again, clear Question 3) How does one determine which BB setting to use on which time-frame?
I see 20,1 60,1 60,2 all on some 60 min charts
and 10,1 20,1 20,2 on other 60 min charts
and 10,1 20,1 20,2 on monthly thru daily charts and on 30 min charts
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