Emilio Super Bands
Emilio Super Bands
The idea behind this band was originally for the calculation of the correct level of the stop loss in a breakout strategy, next we discover important things about: we can use the bands to trail correctly the stop loss and discover particular squeeze of the volatility: when the bands are squeeze, we have high volatility when the bands, instead are opened we must expect slow volatility.
These bands also provide signals as shown in the picture we can use pivots of the bands for entry and the opposite band for stop loss and trailing according to the bands’ movements.
Parameters:
According to the market we use we must set up the parameters to adjust
- the period normally is 13 or 20
- mul is the multiplier for the type of market for the forex I use 1.5 for OIL or GOLD it’s recommended 1.7 or higher
