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Bollinger Bands

Thursday, April 28, 2005

A feature found in Chartsmart that is totally unique is that you can specify where the closing price is relative to any area between or outside of the 20 or 10 day bollinger bands. For example, you can specify to just screen for stocks where the current price is at least 10% below the upper band but over 70% above the lower band where the distance between the 2 bands is 100%. This allows the user tremendous flexibility in setting screens. Another example would be that one might want the current price to be at least 4% above the upper Bollinger Band. Most software will only allow you to screen relative to the upper and lower Bollinger Band but Chartsmart allows you to specify precisely where where you want the close to be relative to the bollinger bands.

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Bollinger Bands
Posted by chartsmart at 9:40 AM


 

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