Bollinger on Bollinger Bands by John A. Bollinger

By John A. Bollinger

Relocating averages have lengthy been a staple for monitoring the process a stock's fee. yet averages are just a part of the tale, variability is both vital. The deviations of present costs from the relocating averages (of various lengths) are accepted by way of traders as signs. Bands above and lower than the relocating common were used to designate surprisingly huge adaptations, with quite a few principles for examining those occasions as signs for destiny strikes in fee. Bollinger's exact contribution used to be to take not just the common fee into consideration, but additionally the difference of the costs and growing bands of increasing and contracting dimension because the costs turn into kind of variable over a time period. This provides a complete new size to the monitoring of rate pursuits. He provides many examples and substitute interpretations of those Bollinger Bands. it's a useful device for an individual who depends upon technical research to trace and forecast fee events. quite often, the extra relavent info you could comprise right into a sign, the more desirable it is going to be.

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The Potential ratings are derived from a fuzzy logic model employing both technical and fundamental rules, and are shorter term in nature--more traders' tools than investors' tools. Communications from users suggest that they are picking and choosing among the various EquityTrader (ET) tools, in some cases combining them to create unique approaches to using ET for profit. That is exactly the right idea. Futures Truth, and other organizations of similar stripe, tests and reports on the profitability and characteristics of many trading systems that are offered for sale to the public.

C o m d There are four types of charts of sigruhcance: the line chart, the bar chart, the candlestick chart, and the point-and-figure chart. The line chart is the simplest of all, offering an outline of price action. The bar chart is the chart of choice in the West, usually drawn without the open or volume. Candlestick charts, wluch are rapidly gaining acceptance in t l ~ eWest, come from Japan, where they are the charting method of choice. Point-and-figure charts depict price action, pure and simple, and are perhaps the oldest of Western technical charting techniques.

Then Chapter 16 provides the first of three simple methods that illustrate the rigorous use of Bollinger Bands, a volatility-breakoutsystem rooted in The Squeeze. Part IV adds indicators to the analytical mix. It focuses on coupling bands and indicators in a rational decision-making framework. Chapter 17 offers a general discussion of coupling indicators and bands. Chapter 18 follows with a discussion of volume indicators, including those that are best suited for use with Bollinger Bands. In Chapter 19 and 20, we focus on combining price action and indicators in two rational decision systems using %b and volume oscillators--one system that follows trends and one that picks highs and lows.

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