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Hayoob
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Everything posted by Hayoob
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What I use is Bollinger Bands applied to the RSI, as I discussed in my Nov 2010 presentation to the SF Bay Area Tradestation User Group. This provides more meaningful thresholds. As validation, please note that if you set your Bollinger period to a very large number like 500, what you get are two almost-straight lines at about 30 and 70.