Here is this month’s selection of Traders’ Tips, contributed
by various developers of technical analysis software to help
readers more easily implement some of the strategies presented. Internet users will also find these and some previous
Traders’ Tips on our Website at http://www.Traders.com.
In "Bollinger Band Targets" by Benjamin Cotton in this issue,
the future price that is required to cross a Bollinger Band is
calculated. A similar indicator available within Biocomp
Profit, WinPctB, calculates price relative to a Bollinger Band.
WinPctB is the percentage distance from +/-2 standard
deviations from the mean of price over a user-definable time
window. Although it doesn’t calculate a future price as Cotton
describes in his article, WinPctB provides valuable
information. To employ the stated transformation, follow