Re: More about Bollinger Bands...

["Nick Channon" <nick.channon@xxxxxxxxxxxxx>]

Hi Onno,

Thanks for posting this formula. I've tried it out but I don't understand
how to interpret it - could you kindly post some further explanation?

Regards,
Nick


-----Original Message-----
From: onno goedknegt <o.goedknegt@xxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Friday, 21 September, 2001 6:55
Subject: More about Bollinger Bands...


>Hi all,
>
>Recently I developed a formula which shows the "reliability" of
>Bollinger Bands. The indicator shows the chances the close is within
>the Bollinger Bands:
>
>(Cum(If(C>=BBandBot(C,20,S,2) AND
>C<=BBandTop(C,20,S,2),1,0)))/(-19+Cum(1))
>
>For the DJIA 1900-1997: 87.5 %
>
>Regards,
>Onno
>
>