Summary

The %B Indicator normalizes the Bollinger Band price to fluctuate around zero, with the upper Bollinger band set to 100 and the lower Bollinger band to -100, for easier interpretation. The original author of the %B indicator appears to be Thomas Stridsman from a 1998 article in Futures magazine.

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Usage

The %B indicator seems to have many origins, and many discussions on how to use best use the %B indicator. Pierre Orphelin has gone on to say

" ... In this sense, it behaves like Lambert's CCI, rather than Wilder's RSI"

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%B2 Indicator (ELD and Workspace)

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Summary

Using concepts discussed by Tom DeMark, this is an indicator that analyzes intra market relative strength. There are three things taken into consideration to determine the strength or weakness of a bar: the close, high, and the low. Then two markets are compared and are used to identify long term turning points. The author of this indicator (who's identity is unknown), seems to think that you will want to use your own entry strategy instead of this as an entry indicator/strategy

Screen Shots

Usage

The indicator will diverge in plenty of time to the actual turning point, it will identify the strength or the weakness way in advance. You will need to formulate your own system to identify entries. This can also be useful if applied to Advance/Decline charts. If you have any extra details on this indicator, please post a comment below with details

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Buy Sell Pressure Indicator (ELD and Workspace)

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Summary

The Bull and Bear Balance Indicator is based on an article written by Vadim Gimelfarb in the S&C Magazine.

Screen Shots

Usage

There is no clear information on how to smooth the plot, but it appears that this indicator is a trending indicator, and should be used in conjunction with other indicators.

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Bull and Bear Balance Indicator (ELD and Workspace)

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Summary

Buff Dormeier has given us two averages for the price of one. The first is a volume-weighted average, the second is a simple two-line volume-weighted average.

Screen Shots

Usage

The single-line Buff Average has two inputs: price and length. The price input is the value used in the average calculation, and the length input represents the number of bars that should be used in the average calculation.

The two-line volume-weighted average has three inputs. The price value that should be used in the average price calculation. The 'FastAvg' is used to indicate the number of bars to use in the fast volume-weighted average calculation. Finally, the 'SlowAvg' is used to indicate the number of bars to use in the slow volume-weighted average. A simple alert will fire off when the two lines cross.

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Buff Averages (ELD and Workspace)

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Summary

This is another highly profitable breakout system, developed by Leo J. Zamansky and David C. Stendahl.

Screen Shots

Usage

This system will give you great indications of when to buy and sell. Check out the images of the performance reports for yourself.

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Breakout 2 System (ELD and Workspace)

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Summary

Catch breakouts for futures, forex or stocks when the time is right with the breakout system set up by Mark Vakkur, MD.

Screen Shots

Usage

Simply look for the buy signals as an indication of when there has been a breakout.

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Breakout System (ELD and Workspace)

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Summary

This is an implementation of Surfing the Linear Regression Curve with Bond Futures brought to us by Dennis Meyers, Ph.D. in the May of 1998, Technical Analysis of Stocks & Commodities.

Screen Shots

Usage

We have little information on the usage of this indicator. Please post a comment below if you have any information on this indicator.

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Bond Futures LR Surfing Indicator

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Summary

Bollinger Bands, first proposed and implemented by John Bollinger, have been around for a long time. This implementation is mostly a repackage to make it easy to start using them.

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Usage

Bollinger Bands are a technical analysis tool invented by John Bollinger in the 1980s. Bollinger Bands can be used to measure the highness or lowness of the price relative to previous trades.

Bollinger Bands consist of a middle band that is the simple moving average of the period, an upper band that is a standard deviation above the middle band, as well as a lower band that is a standard deviation below the middle band.

Typically there is a 20-day moving average with a standard deviation of 2 to form the upper and lower bands.

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Bollinger Band

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Summary

Dennis McNicholl brings us his idea of Better Bollinger Bands, as suggested in Futures magazine, Oct, 1998

Screen Shots

Usage

Usage is similar to the Bollinger Bands.

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Better Bollinger Bands

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