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There seems to be very little written about Bollinger Bands.
The 32 page booklet is rather "thin". A few sites (i.e.,
marketplayer.com) have reconstructed Bollinger Bands into a
histogram. In this representation: the mean becomes a zero
basis line and the standard deviations are parallel to the zero
line. The price is then plotted in relation to the mean and the
standard deviations. The same information gives you a different
look and extensions beyond the standard deviations seem to be
more symmetrical. There seems to be some interesting support
and resistance that's not apparent when looking at the classic
Bollinger Bands.
A couple of months ago, I asked for help on constructing this
Bollinger Band Histogram and received 3 or 4 replies (many
thanks). I tried all the advice, but, could never recreate the
histogram. I still am very interested in this variation. I
believe this approach is a simpler and clearer graphic
representation of Bollinger's formula. Any suggestions or help
on the formula would be greatly appreciated.
Steve Karnish
CCT
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