BB's are nice tools and tell you when you can expect runaway upside moves to get back to crawl speed and other things.
Standard BB's are just a 20 sma with 2 deviations.
I run one chart with both a 20 and 10 base and and that is useful.
The other BB I run is 72 and I think picked it up from Bob Hoye (apologies if it was someone here).
Having some computer problems so here is just an XAO for 3 years with 72 BB.
It looks a bit better on my charts (?) but over 30 years is a pretty good indicator for longer term positions. Allow a smidgin of latitude on the mid line.
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Last
8,576.9 |
Change
-26.100(0.30%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,603.0 | 8,617.0 | 8,572.1 |
| XJO (ASX) Chart |