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To: freelyhovering who wrote (609)12/28/1997 9:50:00 PM
From: Al Greenleaf  Read Replies (1) | Respond to of 836
 
Myron - Your Bollinger Band scan is ready.

I just pulled it out of the oven, and it is a little overdone, but it looks and tastes like a successful Bollinger Band Scan in Quotes Plus, Rel 1. I do not know if you can do Std deviation calculations in TCPro, but that would be necessary.

"Bollinger Band Scan - QPR1

Well, now that I've had three weeks to work on it, I have found a
scan for Bollinger bands that either narrow or stay about the same,
then suddenly open. I welcome comments from all on fine tuning this.
I have left out all tweaks regarding positive PE, rising qrs, etc.
Here we go: (These fit on one line in the scan)

Allgroup

//Defining a band, (or a 1/2 band in this case) as ema20 of close,
//plus twice StDev for that day. Starting with 6 days ago, each
//day's bandwidth is less than the six day ago band times 1.05 (to
//allow for some fluctuation) for four consecutive days. Todays'
//bandwidth is suddenly greater than 1.1 times than 6 day ago band
//width

emovavg(-4,20,cl)+(StDev(-4,-19)*2)<emovavg(-5,20,cl)+(StDev(-5,-19)*2)*1.05 emovavg(-3,20,cl)+(StDev(-3,-19)*2)<emovavg(-5,20,cl)+(StDev(-5,-19)*2)*1.05 emovavg(-2,20,cl)+(StDev(-2,-19)*2)<emovavg(-5,20,cl)+(StDev(-5,-19)*2)*1.05 emovavg(-1,20,cl)+(StDev(-1,-19)*2)<emovavg(-5,20,cl)+(StDev(-5,-19)*2)*1.05 emovavg(0,20,cl)+(StDev(0,-19)*2)>emovavg(-5,20,cl)+(StDev(-5,-19)*2)*1.1

This seems to worked well for 12/26 data. Good luck.

-Al Greenleaf



To: freelyhovering who wrote (609)12/29/1997 10:01:00 AM
From: LTK007  Read Replies (2) | Respond to of 836
 
Myron forgive a neophytes stupidity,but what are the A/D ratings an indicator of--I presume an A is best,and a D worst,but of what?Max