Combining Bollinger Bands with other Indicators 

In this 45-minute session with Steve Hill, CEO of AIQ Systems, Steve discusses how using Bollinger Bands and other indicators improves their effectiveness. Includes high volume on a breakout, Bollinger Bands in conjunction with longer-term moving averages, Riding the Bands, Bollinger Bands Squeeze, and adding candlestick engulfing patterns.

An EDS file is included for you to download below. This has the Candlestick Bullish and Bearish Engulfing patterns, occurring close to the relevant band. Download the EDS file here, save this file to/wintes32/ES strategies folder.

The PowerPoint presentation is also included. Download here

The 4 charts below show Engulfing Bullish pattern close to the Lower BBands on 7/3/24

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Combining Bollinger Bands with other Indicators

AIQ Zoom Workshop July 23, 2024 5 – 5:45 pm Eastern
Combining Bollinger Bands with other Indicators

Unlock the power of Bollinger Bands to enhance your trading strategy

What You’ll Learn:

– Key components and basic interpretation of Bollinger Bands
– Bollinger Bands combined with high volume on a breakout
– In conjunction with longer-term moving averages
– Riding the Bands
– Bollinger Bands Squeeze
– Adding candlestick engulfing patterns.

Reserve Your Seat https://us02web.zoom.us/meeting/register/tZMuc-yurTsjEtG7sn8Pwl91Jb0h71AoteKZ#/registration

Leveraging Candlestick Patterns for Predictive Stock Analysis and Summer Market Forecast

In the first part Steve Hill, CEO of AIQ Systems covered Leveraging Candlestick Patterns for Predictive Stock Analysis. Candlestick patterns are a fundamental aspect of technical analysis that provides valuable insights into market sentiment and potential price movements.

Steve integrated volume analysis with candlestick patterns to improve signal reliability. The effectiveness of volume and additional exiting criteria are shared below this video.

In the second segment, David Wozniak of TFRTrader covered his annual Summer Forecast, highlighting excellent-looking sectors and opportunities in the market.

David’s outstanding alert service provides text message buy and exit alerts. The current offer is 6-months of service at half price (charged monthly).

Visit https://aiqeducation.com/tfr-2/ for more details

During the Candlestick session, Steve began work on 4 different candle patterns with volume. the 2 patterns that eventually yielded good results are included in an EDS file below. Additional slope parameters were added to the strategy together with an MACD exit that he has continued working on.

To download the EDS and the 2 backtest files click here and unzip these files into your /wintes 32 folder. The EDS file contains the 2 bullish candle strategies and these backtests.

Bullish Engulfing Pattern with

  • The 5-day slope is either modest down or up before the pattern.
  • Volume on the day of the pattern must be 50% higher than the prior day.
  • Exiting on MACD turns down and protects 90% of the initial investment.

The backtest over the last 2 years on SP1500 yielded more losers than winners, but still outdid the market.

Bullish Hammer with

  • The 5-day slope is either modest down or up before the pattern.
  • Volume on the day of the pattern must be 50% higher than the prior day.
  • Exiting on MACD turns down, protects 90% of profit above 5%, and protects 90% of the initial investment.

The backtest over the last 2 years on SP1500 yielded more winners than losers, and outdid the market. Varying exit days on the MACD yields varying results. Current MACD exits if MACD turns down after 7 days in a position.

AIQ Systems AI Market Ratings updated signals June 10, 2024

In this update, we’re going to discuss the most recent market timing signals from the Expert system within our Trading Expert Pro platform.

On your screen is a daily chart of the Dow Jones Industrial Average with a price phase indicator underneath, displaying Heiken Ashi-mode candles. The green bars indicate an uptrend, red bars show a downtrend, and the bars that are neither green nor red are based on a color study indicating a high market rating. To explain these market ratings: over 400 rules run through an inference engine—a decision tree process where 400 different indicator states are evaluated. When one rule fires, it triggers the evaluation of certain other rules. These decision pathways contribute to a high expert rating, either up or down, which can signal a change in market direction.

The expert rules are based on historical Dow Jones price action and the internals of the New York Stock Exchange, such as new highs, new lows, and advancing/declining issues, evaluated using numerous indicators. Every day, we generate an expert rating. Most ratings are neutral, meaning few or no rules fired. For instance, on June 4th of this year, the rating was neutral. Once the rules’ weighting reaches beyond 95 up or down, it’s a significant level. On the price chart, buy and sell points are indicated for ratings greater than 95. I’ve marked only the first in a batch of signals; subsequent signals reinforce the initial one. For example, a sell signal is marked by a yellow bar indicating a 96 down rating, signifying importance. Each day, an expert rating is shown on the chart. Scrolling forward, you’ll see the numbers change. White bars indicate a 95 or greater up signal, while yellow bars show a 95 or greater down signal.

The charts are annotated with buy and sell signals. When multiple buy signals occur, we focus on the first one, with subsequent signals reinforcing it. The same applies to sell signals. We haven’t updated these market timing signals in a while. Starting back in late February 2024, there was a buy signal on February 22nd, indicating a 95 rating for the upside. The rules contributing to this signal include the advanced decline oscillator turning positive, viewed as bullish in the market. The New York breadth data’s new high/low indicator reversing to the upside also supports this bullish signal. Price action moved up slightly before flattening out, followed by a sell signal. Examining the sell signal rules, volume accumulation percentages decreased, and the stochastic moved below the 80% line, indicating bearish conditions. Buy and sell signals appear consistently, with some leading to short-term gains.

Recently, on June 6th, there was another sell signal, reinforcing a previous one. Rules indicated negative shifts in the advanced decline line and up-down volume oscillator. These strong signals suggest a continued downtrend. The system, tested over 37 years, uses an inference engine decision tree process, providing standardized market analysis.

For a closer look, visit aiqsystems.com and try our service for a month for just $1, including end-of-day data. This system’s consistency over the years speaks for itself. https://aiqeducation.com/1-trial/