{"product_id":"v1914lettosc1","title":"V. 19:11 (14-21): Letters to S\u0026C","description":"CANDLECODES AND BOLLINGER BANDS\u003cbr\u003e\u003cbr\u003eEditor,\u003cbr\u003e\u003cbr\u003eI liked very much Viktor\nLikhovidovs use of\nBollinger Bands on an\nindicator in Light Up\nYour Trading System\nWith CandleCode Trading (STOCKS \u0026amp;\nCOMMODITIES, September 2001). Figure\n5 on page 26 nicely demonstrates why\nthis technique is so powerful. (Though\nI am leery as I always am of\noptimization of the optimized\nparameters used later in the article.)\nAs Likhovidov astutely observes,\nfixed indicator levels rarely serve well.\nThe markets evolve, and that evolution\nis portrayed in indicator action; this\nyear, one set of levels serves well, while\nthe next year, another set of levels will\nbe needed. The key to this problem is to\nemploy an adaptive approach such as\nBollinger Bands.\u003cbr\u003e\u003cbr\u003eP.S. I wish you well in your new post\nas editor of STOCKS \u0026amp; COMMODITIES. I\nam a big fan of the magazine and I am\nsure you will uphold its fine tradition of\nexcellence.\u003cbr\u003e\u003cbr\u003eJOHN BOLLINGER, CFA, CMT","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134149751153,"sku":"\\V19\\C11\\124LET.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_cc52dd7a-d717-41f4-994f-2435cb37bd73.jpg?v=1739668867","url":"https:\/\/shop.traders.com\/products\/v1914lettosc1","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}