I have been following you since PT Forum, and I read many of your very interesting postings. There's a lot of treasure in your postings - maybe after the secon, third or 10th time I read it, but it's always worth to discover in your contributions.
In your Setup above, you mention the Quantile Band as Range/Zone indicator. I'd like to ask you, what zones are you talking about, or what does it mean when Price is in one of that zones? And, how is this Band's purpose different from Bollinger Bands?
Thank you very much and Kind Regards,
Hi Brother, sorry for late reply.. long week end here...
and also nice to see you here in BOE.. thank you..
Quantile Band, is more or less like mixing between Bollinger Band and Donchian Channel , basically this is visual high/low indicator, so you could use it as trend indicator (by looking at the middle line), or as S/R indicator (by looking at the flat upper/lower band lines), or momentum breakout indicator (by looking at the squeeze and expand process of the bands), or zone/range indicator (by looking at the interaction between candlesticks behavior/PA and the filled band colors).
In relation with Bollinger Band, this tool could be compliment / confluence each other as long as you could set the parameters correctly and logically make sense depend on what you know and what you need..
remember that any tools is just 'exactly same' tools.. we could learn to ride a motorbike maybe for 1 or 2 weeks, but need years, thousand hours of practices with constant focus and huge gut to be Valentino Rossi.
This Quantile Band (just like many of my already 'shared' tools) could be 'holy grail' or 'total disaster' depend on you point of view, if you understand the 'keys' then is not that difficult to understand the market.
Here is example on how to look at some of the Quantile Band 'keys'..
Hope it help and happy trading
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