- 23 Eki 2020
Bollinger Bands were developed by John Bollinger and are envelopes that are plotted at two (2) standard deviation levels above and below a moving average. The CCT Bollinger Band Oscillator reconfigures the classic bands. The new indicator constructs two (2) parallel lines instead of the erratic envelopes. These parallel lines represent a measurement of two (2) standard deviations from the mean and are assigned zero and 100 on the chart. The indicator represents the price as ittravels above and below the mean (50%) and outside the two standard deviations (zero and 100). Penetration of the upper or lower band represents overbought and oversold conditions. When using the CCT Bollinger Band Oscillator,"failure swings" and "divergences" can lead to significant reversals.
Bollinger Band Oscillator - CCT
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