bands
BBandTop(CLOSE, 20, SIMPLE, 2)-Mov(C,20,S)
band rate of change
ROC( Fml("bands"),1,$)
i use "bands" to see if there is volatility in the security. then i plot "band rate of change" to see the rate of change in the bands. bands is simply top bollie minus 20sma. the band of change is the difference between today and yesterday change in the bands. a buy signal is generated when the band rate of change is oscillating between .000 and -0. then the band rate of change spikes to .10 or greater with the bands indicator reading .20 or greater. see blld, wlsf,ear,rgen,fvcx, and gnta for some examples. if you trade stocks under 1.00, the buy signal for band rate of change-.0004 and bands-.03 or greater. if you trade amex stocks, the buy signal for band rate of change-.04 and bands-.10.