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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
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> 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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