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Bollinger Band Oscillator - CCT for Metastock
maestro
almost 6 years ago
Metastock

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0 / 5 (Votes 0)
Tags:
metastock, oscillator

The CCT Bollinger Band Oscillator (CCTBO), developed by Steve Karnish of Cedar Creek Trading, reconfigures John Bollinger’s reconfigures the classic bands. The new indicator constructs two parallel lines instead of the erratic envelopes. These parallel lines represent a measurement of two standard deviations from the mean and are assigned zero and 100 on the chart. The indicator represents the price as it travels above and below the mean (50%) and outside the two standard deviations (zero and 100). Penetration of the upper or lower band represents overbought and oversold conditions. When using the CCT Bollinger Band Oscillator,“failure swings” and “divergences” can lead to significant reversals.

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Indicator / Formula

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((C+2*Std(C,21)-Mov(C,21,S))/(4*(Std(C,21)))*100)

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