Dislikedvlady, I have made some very minor adjustments to the previously posted version of Stoch with BB, all parameters are now externals and the Stoch settings are corrected as well (the were hard coded as x,3,1 rather than x,1,1) I am still struggling with the "Daily Projection" - if today's Open > Close (ie red candle), then tomorrow should be another down day if tomorrow's open is situated how or where? Lower than today's open? Cheers / Mop {file}Ignored
I've given it a go and it gives a better picture... more clarity.
just a note about this. I set mine to the 75,1,1 setting because it's clearer for me to see. if I use 300,1,1 it is just too small to see if the wave is in or out of the BB.
The Daily Projection is self contained in the one Day. I don't look at todays UP or DOWN result to predict tomorrow. I use thee next ZZ Sequence. For example, the 15M has a ZZB and ended in the middle of nowhere. Next week, a ZZT has to form... unless a lower ZZB forms. If I can see that the Bollinger Band can give me a good looking Close Outside of BB on the Price and the Stoch, I give more weighting to that, than a lingering DS Zone that it might try and reach.
Monday is hard. At the moment, I would look at all timeframes and I would give more weighting to the ZZ sequence of 4H and 1H. The 4H has reached BBMid... look at recent trend, its remained on top half... so I am going for that to remain and possibly form a higher ZZT. The 1H is expecting a ZZT...but look at how far away the BB border is... it has to travel higher. It has to. So I would initially mark Sun and Monday to be UP days, with a lower ZZB to form on the 15M.
A pip is only worth it if you know how much you risked to earn it