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Re: BBWI

To: "Metastock-List" <metastock@xxxxxxxxxxxxx>
Subject: Re: BBWI
From: "A.J. Maas" <anthmaas@xxxxxxxxx>
Date: Sat, 29 Jul 2000 10:52:10 -0700
In-reply-to: <20000728180554.28723.cpmta@xxxxxxxxxxxxxxx>
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<DIV><FONT size=2>The basic calculation&nbsp;of the&nbsp;<STRONG>Band Width 
</STRONG>and <STRONG>plotted </STRONG>as an <STRONG>indicator </STRONG>is 
</FONT><FONT size=2>the</FONT></DIV>
<DIV><FONT size=2>"&nbsp;<FONT size=2><STRONG>Bollinger Bandrange in $ - John 
Bollinger&nbsp;</STRONG>" that's printed below. </FONT></FONT><FONT size=2>You 
will find</FONT></DIV>
<DIV><FONT size=2>that there have&nbsp;been many variaties of it&nbsp;been 
written, see </FONT><FONT size=2>also below. </FONT><FONT size=2>It 
caluclates</FONT></DIV>
<DIV><FONT size=2>the <STRONG>$ </STRONG>(points) or <STRONG>% 
</STRONG>("percentage&nbsp;difference" and </FONT><FONT size=2>some also 
</FONT><FONT size=2>its "Momentum ratio") of</FONT></DIV>
<DIV><FONT size=2><STRONG>the distance between the Upper and the Lower 
Band</STRONG>.</DIV></FONT>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>-<STRONG>smaller </STRONG>values will show the 
<STRONG>contraction </STRONG>of bands = Less(er) Volatility 
(ahead).</FONT></DIV>
<DIV><FONT size=2>-<STRONG>larger </STRONG>values will show the <STRONG>widening 
</STRONG>of the bands = Large(r) Volatility (ahead).</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>If it's valuable analysis, is to one's own likings. Personaly 
I find the Weekly readings</FONT></DIV>
<DIV><FONT size=2>of additional value. Like JB, also the below free traderstip 
uses these statistical value's</FONT></DIV>
<DIV><FONT size=2>components&nbsp;</FONT><FONT size=2>for 
trade-triggers.</DIV></FONT>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>The</STRONG></FONT><FONT size=2><SPAN><STRONG> 
indicators introduced in the </STRONG><FONT color=#000000 size=2><STRONG>July 
2000 issue of "Technical Analysis of</STRONG></FONT></SPAN></FONT></DIV>
<DIV><FONT size=2><SPAN><FONT color=#000000 size=2><STRONG>Stocks &amp; 
Commodities" </STRONG></FONT><STRONG>article “Bollinger Band 
Targets</STRONG></SPAN><STRONG>”, by </STRONG></FONT><STRONG><FONT 
size=2>Benjamin L. Cotton,</FONT></STRONG></DIV>
<DIV><STRONG><FONT size=2>are created in MetaStock 7.0 or higher with the use of 
</FONT></STRONG><FONT size=2><B>the new</B></FONT></DIV>
<DIV><FONT size=2><B>"&nbsp;MetaStock </B></FONT><FONT size=2><B>External 
Function (MSX) DLL Interface ".</B>&nbsp;&nbsp;&nbsp;</DIV></FONT>
<DIV><FONT size=2></FONT><FONT size=2></FONT><FONT size=2><FONT size=2><A 
href="http://www.equis.com/free/traderstip/index.html";>http://www.equis.com/free/traderstip/index.html</A></FONT></FONT></DIV>
<DIV><FONT size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT 
size=2></FONT><FONT size=2></FONT><BR><FONT size=2>From a quick look at the 
above FREE sample formula file, the&nbsp;indicators seem to use</FONT></DIV>
<DIV><FONT size=2>the BandWidth' components&nbsp;</FONT><FONT size=2>also for 
their calucations, eg via the C-language</FONT></DIV>
<DIV><FONT size=2>DLL-functions: "BogieTop" and </FONT><FONT 
size=2>"BogieBottom".</DIV></FONT>
<DIV><FONT size=2></FONT><FONT size=2><FONT color=#000000 
size=2>&nbsp;</DIV></FONT></FONT>
<DIV><FONT size=2>' Name: BogieTop<BR>' Code: {Simulates for condition needed to 
cross top StDev Band}<BR>' ExtFml("StDevBogie.StDevBogieTop", 15, 2, .01);<BR>' 
ExtFml("StDevBogie.GetPercentChange");<BR>' 
ExtFml("StDevBogie.GetHow")<BR>'<BR>' Name: BogieBottom<BR>' Code: {Simulates 
for condition needed to cross bottom StDev Band}<BR>' 
ExtFml("StDevBogie.StDevBogieBottom", 15, 2, .01);<BR>' 
ExtFml("StDevBogie.GetPercentChange");<BR>' 
ExtFml("StDevBogie.GetHow")</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Regards,<BR>Ton Maas<BR></FONT><A 
href="mailto:ms-irb@xxxxxxxxxxxxxxxx";><FONT 
size=2>ms-irb@xxxxxxxxxxxxxxxx</FONT></A><BR><FONT size=2>Dismiss the ".nospam" 
bit (including the dot) when replying.<BR>Homepage&nbsp; </FONT><A 
href="http://home.planet.nl/~anthmaas";><FONT 
size=2>http://home.planet.nl/~anthmaas</FONT></A></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT 
size=2>=========================================================</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>Bollinger Bands(Upper) -&nbsp; John 
Bollinger</STRONG><BR>{written by Equis/publ TAM Mag}</FONT></DIV>
<DIV><FONT size=2><BR>Mov( C,20,S)+(2*(Stdev(C,20)))</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>Bollinger Bands(Middle) -&nbsp; John 
Bollinger</STRONG><BR>{written by Equis/publ TAM Mag}</FONT></DIV>
<DIV><FONT size=2><BR>Mov( C,20,S)</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>Bollinger Bands(Lower) -&nbsp; John 
Bollinger</STRONG><BR>{written by Equis/publ TAM Mag}</FONT></DIV>
<DIV><FONT size=2><BR>Mov( C,20,S)-(2*(Stdev(C,20)))</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>Bollinger %B Osc - John Bollinger 
(Histogram)<BR></STRONG>{publ by TAM Mag/rewritten by Ton Maas. Orginal OB/OS 
lines<BR>are placed @ 100 and 0, but for effectivenes 80,20 is used.<BR>Buy/Sell 
each break and Close positions on each entry of<BR>the OB/OS lines, or overlay 
with SMA4 for trigger.}</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT 
size=2>80;20;<BR>((C+2*Std(C,20)-Mov(C,20,S))/(4*Std(C,20)))*100<BR>{a) 
right-click the indicator's properties, select<BR>&nbsp;&nbsp; &nbsp;&nbsp;style 
and then the waving bars to plot as histogram.<BR>&nbsp;b) click each horizontal 
line separately, then the</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; indicator's properties to adjust its 
color.}</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>Bollinger %B Osc - John Bollinger 
(Histogram)(2)<BR></STRONG>{publ by TAM Mag/rewritten by Ton Maas/altered by 
Steve Karnish.<BR>SK writes: "Recently, the "group" was able to supply me 
with<BR>the formula for making a Histogram out of the "bands". I find<BR>this 
the most useful application of Bollinger's formula. Under<BR>"properties", I 
then drop in +2 and -2 (because I'm not bright<BR>enough to program them in 
permanently).&nbsp; I think this is a much<BR>better view of the bands.&nbsp; As 
the price moves up and down as<BR>a % of the band width:<BR>all the classic 
applications of other "oscillator type" indicators<BR>work well (divergence, 
support/resistance, and overbought/oversold<BR>conditions when the price exceeds 
the Standard Dev. of +/-2)."<BR>TM adds: commands to plot the "missing" OB/OS 
horizontal lines.}</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>2;-2;<BR>((C+2*Std(C,20) - Mov(C,20,S)) / (4*Std(C,20)))*4 - 
2</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>Bollinger Bandrange in $ - John 
Bollinger</STRONG><BR>{written by Ton Maas}</FONT></DIV>
<DIV><FONT size=2><BR>Mov( C,20,S)+(2*(Stdev(C,20)))-<BR>Mov( 
C,20,S)-(2*(Stdev(C,20)))<BR>&nbsp; <BR><STRONG>Bollinger Bandrange in % - John 
Bollinger</STRONG><BR>{written by Ton Maas}</FONT></DIV>
<DIV><FONT size=2><BR>ROC(( Mov( C,20,S)+(2*(Stdev(C,20)))-<BR>Mov( 
C,20,S)-(2*(Stdev(C,20))), 1, %)</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>Bollinger BandWidth Range($) - John 
Bollinger</STRONG><BR>{written by Ton 
Maas}<BR>(mov(c,20,s)+(2*(std(C,20))))-(mov(c,20,s)-<BR>(2*(std(c,20))))</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>Bollinger BandWidth Range($) - John 
Bollinger(2)</STRONG><BR>{written by Jim Greening}</FONT></DIV>
<DIV><FONT size=2><BR>4*(Std(C,20))</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>Bollinger Bandwidth Ratio - John 
Bollinger</STRONG><BR>{written by Ton Maas}</FONT></DIV>
<DIV><FONT size=2><BR>((Mov( C,20,S)+(2*( Stdev( C,20))))-<BR>( Mov( 
C,20,S)-(2*( Stdev( C,20)))))/Mov( C,20,S)</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>Bollinger Bandwidth Momentum in $ - John 
Bollinger</STRONG><BR>{written by EquisSupport(George), it is&nbsp;comparing 
the<BR>BandWidth to/with a moving average of that BandWidth}</FONT></DIV>
<DIV><FONT 
size=2><BR>(BBandTop(C,70,E,2)-BBandBot(C,70,E,2))&gt;<BR>Mov(BBandTop(C,70,E,2)-BBandBot(C,70,E,2),25,E)</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><STRONG>Bollinger Bandwidth Momentum in % - John 
Bollinger</STRONG><BR>{written by EquisSupport(George), it is comparing 
the<BR>BandWidth to the moving averages of that BandWidth}</FONT></DIV>
<DIV><FONT 
size=2><BR>(((BBandTop(C,70,E,2)-BBandBot(C,70,E,2))-<BR>Mov(BBandTop(C,70,E,2)-BBandBot(C,70,E,2),25,E))/<BR>Mov(BBandTop(C,70,E,2)-BBandBot(C,70,E,2),25,E))*100</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>----- Original Message ----- </FONT></DIV>
<DIV><FONT size=2>From: "Alexandros Spiroglou"</FONT></DIV>
<DIV><FONT size=2>To: &lt;</FONT><A href="mailto:metastock@xxxxxxxxxxxxx";><FONT 
size=2>metastock@xxxxxxxxxxxxx</FONT></A><FONT size=2>&gt;</DIV></FONT>
<DIV><FONT size=2>Sent: vrijdag 28 juli 2000 20:05</FONT></DIV>
<DIV><FONT size=2>Subject: BBWI</FONT></DIV>
<DIV><FONT size=2><BR></FONT></DIV><FONT size=2>&gt; <BR>&gt; Does anyone know 
what the Bollinger Band Width index is and how it is used ?<BR>&gt; <BR>&gt; 
Warmest regards<BR>&gt; Alex Spiroglou</FONT> </BODY></HTML>

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- BBWI
  - From: Alexandros Spiroglou
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