The Bollinger Band System
(a plug-in product for MetaStock)
A personal note from John Bollinger ..."When I started in this business volatility was thought to be a static quantity. Beta, a measure of a stock's volatility in relation to the market, was computed using five years of weekly data and the result was used for a long time thereafter. There simply wasn't any need to recompute it. Option traders estimated volatility by taking half the range of the prior six months and then used that number until forced to change by the market. Of course volatility was dynamic not static, but that was heresy then.
Those were the days of the first microcomputers. CP/M was the operating system and 8,000 bytes of memory cost a few hundred dollars. First we used switches and lights to access our micros, then Teletype machines, TTYs, and finally computer terminals such as the Lear Siegler ADM3. Along with the terminals, came the first spreadsheet programs. Over in Appleland VisiCalc became the killer ap. and CP/M got SuperCalc. It was those early spreadsheets, long before Excel, that allowed me to explore the price structure and discover that volatility was a dynamic quantity, an insight that I employed to solve the problems we were encountering using fixed-width trading bands for market timing. Thus Bollinger Bands were born.
Today everybody acknowledges that volatility is a dynamic quantity and Bollinger Bands are everywhere. There is even academic research into how to forecast volatility-try a search for GARCH on the Internet."
Proven technology with proven results now has a powerful new tool.
John Bollingers culmination of many years of research and observation give you the ability to react quickly in today’s volatile markets.
Cut losses quickly while allowing profits to grow with John Bollinger’s Bollinger Band System plug in for MetaStock.
Combine John Bollinger’s Bollinger Band System with MetaStock for a powerful tool to cut losses quickly while allowing profits to extend.
Asking the market what is happening is always better than telling the market what to do.
Using the proven technology of Bollinger Bands, John Bollinger has created an effective, mechanical trading system which combines the many years of Bollingers’ research and observation with innovative new features. The Bollinger Band System (BBS) searches thousands of securities looking for those most likely to reverse their current trend – then singling out those that meet a very selective set of criteria. The cycle is completed by unique input from the trader resulting in stocks that perform and fit the individuals own trading personality.
Robust trading tools based on proven technology.
Recognized as an expert in statistically based volatility trading bands, John Bollinger has developed a new system, based on his time-tested technical tool, Bollinger Bands. The Bollinger Band System combines unambiguous trading signals based on years of Bollingers’ research and observations with the requirement of a traders own unique input resulting in stocks that perform well and fit the individuals trading personality.
Two MetaStock Explorations
The Bollinger Band System brings two new explorations to MetaStock. The first exploration filters through the universe of U.S. stocks, creating a watch list specifically for the Bollinger Band System. This list contains stocks meeting a very selective set of criteria ensuring a quality database for top-performance. The second exploration scans this database at lightning speed, returning only those that have entry or exit signals.
IMPORTANT: Please do NOT order this add-on if you do not own MetaStock 7.0 software (or higher) - it will not work without it.
