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Colinear

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Colinear
see Multicolinearity.
Combined Forecast
The weighted average of two or more forecasts.

 


Avoid colinearity.
ollinger Bands can also be used to clarify pure price patterns such as M-type; tops and W-type bottoms, momentum shifts, etc.
rice can, and does, walk up the upper Bollinger Band and down the lower Bollinger Band.

The Commodity Channel Index (CCI) was an early choice to use with the bands, but as it turned out, it was a poor one, as it tends to be colinear with the bands themselves in certain time frames.

See also: Confirmation, Bollinger band, Bands, Bollinger Bands, Bollinger

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