Bollinger Band Toolkit Overview
Unleash the Power of Bollinger Bands Bollinger Bands are so prevalent for a reason - they work! In this new add-on, John Bollinger shares the tools he uses to trade successfully in up, down, and sideways markets.
This is a brief description of the Bollinger Band Toolkit Add-on for MetaStock.
Bollinger Bands have become such an accepted and widely used technical analysis tool because they work so well. On the simplest level they tell the analyst when prices are high or low on a relative basis—but there are many more uses. I wrote “Bollinger on Bollinger Bands” to explain how I use Bollinger Bands, which indicators I use for confirmation, and to present some trading ideas. After the book was published, readers asked me how they could implement these - and that was the birth of the Bollinger Band Tool Kit.
The Bollinger Band Tool Kit was created for investors who want to unleash the power of Bollinger Bands in their trading. It includes 42 indicators, three chart templates, nine example systems, six explorations and four experts. We left the code open, so you can adapt the tools for your own trading style
Bollinger Bands can be applied in all the financial markets including equities, forex, commodities, and futures. Bollinger Bands can be used in most time frames, from very short-term periods, to hourly, daily, weekly or monthly.
Bollinger Bands answer a question: Are prices high or low on a relative basis? By definition price is high at the upper band and price is low at the lower band. That bit of information is incredibly valuable. It is even more powerful if combined with other tools such as other indicators for confirmation.
About John Bollinger
John Bollinger, though a respected money manager and TV analyst for CNBC, is perhaps best known for his contributions to the study of the volatility of security prices using his namesake, "Bollinger Band" indicator.
Now for the first time, John Bollinger has released some of his research in discovering indicators that complement the Bollinger Band "framework" and produce optimum buy/sell signals.
The result:The Bollinger Band System add-on for MetaStock.