Trading Bands

   Does anyone know how to put trading bands(envelope) to trace stock price action ?  .  
The problem : trading bands allow to specify percentage deviation from the moving average. Since deviations are different for different stocks then in most cases trading bands cover either very low % or very high % of price action.
What is required here , I think, is to specify stock specific deviations from the moving average.
I know , someone will say to use Bollinger bands to solve the problem.  However, I reluctant to use BB since they do not serve my purpose .
Is there any way to measure how much trading bands do cover price action , eg. 80% , or 95% ?

thank you

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Andrzej Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 01 Feb 2006 Posts: 9	Post Options Post Reply Quote Andrzej Report Post Quote Reply Topic: Trading Bands Posted: 02 Feb 2006 at 10:23am
	Does anyone know how to put trading bands(envelope) to trace stock price action ? . The problem : trading bands allow to specify percentage deviation from the moving average. Since deviations are different for different stocks then in most cases trading bands cover either very low % or very high % of price action. What is required here , I think, is to specify stock specific deviations from the moving average. I know , someone will say to use Bollinger bands to solve the problem. However, I reluctant to use BB since they do not serve my purpose . Is there any way to measure how much trading bands do cover price action , eg. 80% , or 95% ? thank you

Dingo Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 10 Jul 2005 Posts: 35	Post Options Post Reply Quote Dingo Report Post Quote Reply Posted: 02 Feb 2006 at 2:41pm
	In Indicators, select 'Moving Average' in the bottom window box. From the options available, 'Envelopes' or 'Trading Bands' should do the trick.

Andrzej Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 01 Feb 2006 Posts: 9	Post Options Post Reply Quote Andrzej Report Post Quote Reply Posted: 03 Feb 2006 at 4:18pm
	Thank you for your post, however the problem is different. I can create trading bands or envelopes. HOwever when you set up percentage deviation from the mean(EMA) then the fixed percentage is OK for some stocks (cover most of price action) BUT not suitable for other stocks , ie. either bands are too narrow or too wide. Is there any way to adjust deviation percentage to be different for different stocks ? We need a option to use this indicator ONLY for specific stocks. Can BullCharts investigate if such option is feasible. thank you

Brendon Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List BullCharts Staff Joined: 10 Sep 2004 Location: Australia Posts: 126	Post Options Post Reply Quote Brendon Report Post Quote Reply Posted: 06 Feb 2006 at 4:56pm
	Maybe a bit difficult. In time maybe but at this stage we have a long list of user requests and we pick the most requested etc