Quick answer to you Winner then I must go to bed (it is 3am in the morning)
1) The additional lines are additional Bolinger bands with standard deviations 2.4 and 2.8, the main one being 2.0
2) The purpose of the MACD is just to see whether the price is rising or falling and to see approxinately where it turns. The turn is great to see when the price is going against you !! It also assists in getting the best possible stage 2 entry.
3) The time frames are as follows ........20 min to 1 hour in 5 min increments plus the 1 and 5 min time frames. Also a daily to get the big picture.
Kind Regards, Tymen Wortel, Perth, Western Australia.
|