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[EquisMetaStock Group] Re: Bomar Bands



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They are discussed on the Bollinger site and are just shifted ma's. One 
has a vertical shift of -2 and the other has a vertical shift of +3. 
Shouldn't matter what type of MA you choose as long as all are the 
same. 

Preston

  

--- In equismetastock@xxxxxxxxxxxxxxx, "onprof" <onprof@xxxx> wrote:
> Does anyone have a Metastock formula for Marc Chaikin's Bomar Bands.
> They are constructed a litle differently from Bollinger Bands.
> According to Chaikin, he computes a 21 day Moving Average (don't know
> if it is a simple, weighted, exponential etc...) and looks back at 250
> trading days and creates bands that contain 85% of all closing prices
> above and below that 21-day moving average.
> 
> According to Chaikin, his bans are "more stable" than Bollinger Bands
> and don't expand or contract as much.
> 
> Chikin explains his bands in Chris Wilkinson's "Technically Speaking"
> (1997).
> 
> If someone knows how to correctly calculate these bands, please post
> them here.
> Thanking you in advance.





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