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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Bruce A. Bowman who wrote (1254)6/2/1997 7:47:00 PM
From: TechTrader42   of 3325
 
Eureka! This actually works with some stocks: (mov(Close,20,S)+std(Close,20,2))>(mov(c,89,s)+(.06*(mov(c,89,s))))

You combine it with a formula that gives sell signals when price crosses down through the upper Bollinger band. And this new formula cuts down on the number of signals given when the bands are too narrow. What it means is: Only sell if the upper Bollinger band is above an upper envelope of an 89-day moving average 6 percent above the price. You can change 89, of course, and you can change the percentage. But it does cut down on misleading signals, and results in greater profits in system tests.

I tend to use to many parentheses in formulas to make sure WOW gets my meaning.
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