Bollinger Band Toolkit (BBT)
Unleash the Power of Bollinger Bands with John Bollinger's Bollinger Band Tool Kit (BBT). Bollinger Bands are so prevalent for a reason - they work! In this new add-on, John Bollinger shares the tools he uses to trade successfully in up, down, and sideways markets.
Bollinger Bands have become such an accepted and widely used technical analysis tool because they work so well. On the simplest level they tell the analyst when prices are high or low on a relative basis—but there are many more uses.
John Bollinger writes, "I wrote 'Bollinger on Bollinger Bands' to explain how I use Bollinger Bands, which indicators I use for confirmation, and to present some trading ideas. After the book was published, readers asked me how they could implement these—and that was the birth of the Bollinger Band Tool Kit."
The Bollinger Band Tool Kit was created for investors who want to unleash the power of Bollinger Bands in their trading. It includes 42 indicators, 3 chart templates, 9 example systems, 6 explorations and 4 experts. "We left the code open, so you can adapt the tools for your own trading style."
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Bollinger Band Toolkit Overview
John Bollinger designed these tools to offer the maximum flexibility and therefore the greatest potential. Each of the tools is open; you can see the code and change it at will. The code is freely commented to help you understand how the calculations work. Some of the tools are free standing and can be used on their own, while others are of greater worth when combined with other tool kit elements or other analytical tools.
There are 9 example systems included in this tool kit. However this package is not meant to be a trading system. Rather, it is a tool kit that allows you to create your own trading systems and analysis. Most of the indicators can be called from other indicators, systems, etc., via the MetaStock formula.
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About John Bollinger
John Bollinger, though a respected money manager and TV analyst for CNBC, is perhaps best known for his contributions to the study of the volatility of security prices using his namesake, "Bollinger Band" indicator.
Now for the first time, John Bollinger has released some of his research in discovering indicators that complement the Bollinger Band "framework" and produce optimum buy/sell signals. The result: The Bollinger Band System plug-in for MetaStock.
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BBT Requirements
Important: Works with MetaStock End-of-Day & Real Time 8.01 or higher.