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hi al
here is thread on a bolly band system initiated by yours truly
http://www.stockcentral.com.au/forum/machine/Forum32/HTML/000180.html
rgdzjimt.
Al Taglavore wrote:
> Maurice wrote, "...Am currently experimenting with bollinger
> > bands to see if they fit my trading approach....."
>
> For a suggestion, try Steve Karnish's formula for Bollinger Bands
> as an oscillator. I have been working with this, and it has been
> profitable.
>
> ((C+2*Std(C,20)-Mov(C,20,S))/(4*(Std(C,20)))*100)
>
> Steve offer the formula on this list about three weeks ago as a
> base formula to work from. It looks good to me as written. It
> was also suggested to add horizontal lines at 0. and 100.
>
> Al Taglavore
> ----------
> > From: Maurice P. Cruz <mpc@xxxxxxxxxxxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: hello from a newbie
> > Date: Tuesday, October 16, 2001 10:39 PM
> >
> > Fellow technicians,
> >
> > Many thanks for the welcome remarks, suggestions and links
> > to other sites.
> >
> > > As you are probably painfully aware, chart patterns are really
> > > tough to code in MetaStock. Do you identify the patterns
> > > visually and plot the lines manually, or have you automated it
> > > somewhat?
> >
> > I identify the patterns visually and plot manually. I also use a
> > smoothed RSI to identify divergences and Average True Range
> > to track volatility. Am currently experimenting with bollinger
> > bands to see if they fit my trading approach. Basically, I use
> > the indicators to evaluate whether the pattern I've spotted
> > has a bias to succeed or fail.
> >
> > Years ago when I used Supercharts 3.0, I could draw a trend
> > line or a horizontal s/r lin and set an alert on it. If a stock touched
> > the line, I would get an alert in my daily database scan. I hope
> > Metastock includes a feature like this in its upcoming revamp
> > for us pattern traders.
> >
> > Regards,
> > Maurice
> >
> >
> >
> >
> >
> >
> >
> >
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