I visited the website of bollingerband and realised that knowing a indicator in depth takes hell a lot of time and commitments.
My question is …
How can a new indicator gain reputations and be acceptable by other people?
I’m an undergraduate Maths student and thinking of doing the project in my final year which is probably generating a new indicator of my own:confused:…(This idea came up to my head quite recently…)
I hope I don’t sound rude…it is just out of curiosity.:rolleyes:
A new indicator can gain acceptance very quickly if it can be demonstrated that it adds value. That said, before you develop a new one you should check out the vast array of what’s out there already so you don’t duplicate effort.
Your indicator could be a useful maths project but the very best way to trade is without indicators, if possible. (naked trading or price action trading).
I did uni maths and phyics for my teaching qualifications.
So I just advise you not to get too obsessed with this work.
I have John Bollinger’s book on Bollinger bands. It consists of 180 pages of research.
How long and how exhaustive do you want your research to be.
Warning - you could spend a lifetime on it and neglect everything else!! :eek:
Be careful - you may not invent a new indicator at all. :eek:
How much time have you got to waste??
Ultimately, I would suggest something a little more practical - something within definite reach.
After all, you must produce the goods to pass your exam - so bear that in mind.
