Using the time-tested technology of the Bollinger Bands, John Bollinger and the makers of MetaStock have created a new mechanical trading system—a system The indicators introduced in the article "Bollinger Band Targets", by Benjamin L. Cotton, are created in MetaStock 7. In the Bollinger Band Tool Kit II for MetaStock, John Bollinger shares the tools he uses to trade successfully in up, down, and sideways markets. Bollinger Bands Unleash the power of Bollinger Bands! This tool kit This is a tool kit for MetaStock users wishing to explore the potential of Bollinger Bands. Included are : . Bollinger Band Width. John Bollinger describes BWI (Band Width Indicator) as the width of the bands
Doing a free talk about Bollinger Bands and the related tools on the @MetaStock platform tomorrow. https://www.metastock.com/offer/event/?w Menu 123 Bollinger Bollinger Band Basics Contributed by John Bollinger Bollinger Bands are available on MetaStock and most charting software.
You can perform the Bollinger Bands calculation using the following formula. Middle Band = 20-day simple moving average (SMA) Upper Band = 20-day SMA + (20-day standard deviation of price x 2)
Bollinger Band System for MetaStock Now you can benefit from the proven success of Bollinger Bands with this highly selective trading system a system that selects only those few securities with the highest profit potential Technical Analysis of Stocks and Commodities Readers' Choice Award Plug-Ins Category Winner: 2009 & 2019 Bollinger Bands are similar to moving average envelopes. The difference between Bollinger Bands and envelopes is envelopes are plotted at a fixed percentage above and below a moving average, whereas Bollinger Bands are plotted at standard deviation levels above and below a moving average. The Bollinger Band System for MetaStock add-on is a highly selective system that was developed by MetaStock with John Bollinger's input and is based on a different set of criteria than the three trading systems featured in the Bollinger Band Tool Kit or John's book "Bollinger on Bollinger Bands" or any of his other published systems.
The Bollinger Band Toolkit 2.0 was designed for traders who want to implement John Bollinger’s work in their trading. It is a culmination of John’s extensive research in the market and includes 47 indicators, ten market explorations, and nine systems tests. As demonstrated in Figure 1, the Bollinger Band indicator uses a 20-period simple moving average for the middle band and draws its channels or upper and lower bands at a distance of 2 standard deviations from the middle band. On the other hand, the middle band of Keltner channel calculation is based on a 20-period exponential moving average