All,
Here's an indicator I came up with to tell when bollinger band width is peaking in width or when the bands are not going to be getting any narrower. I use it tell more preciselely when a stock is going to pop or when to write covered calls or outright sell. I call it bollinger bands on bollinger band width. Its in WoW format. Let me know what you think.
FORMULA 1 for upper band:
mov((mov(c,30,s)+std(c,30,2)-(mov(c,30,s)-std(c,30,2)))/mov(c,30,s),30,s)+ std((mov(c,30,s)+std(c,30,2)-(mov(c,30,s)-std(c,30,2)))/mov(c,30,s),30,2)
FORMULA 2 for middle band:
(mov(c,30,s)+std(c,30,2)-(mov(c,30,s)-std(c,30,2)))/mov(c,30,s)
FORMULA 3 for lower band:
mov((mov(c,30,s)+std(c,30,2)-(mov(c,30,s)-std(c,30,2)))/mov(c,30,s),30,s)- std((mov(c,30,s)+std(c,30,2)-(mov(c,30,s)-std(c,30,2)))/mov(c,30,s),30,2)
Wayne |
