eSignal is a provider of high performance trading solutions & software for professional and individual traders. With eSignal you have access to many exchanges, so whatever you trade, you can use the Bollinger Band Tool Kit for eSignal to help you find winning trades.
The Bollinger Band Tool Kit is for eSignal users wishing to incorporate Bollinger Bands into their analysis and trading process. Included are 31 indicators and a chart template to get you going.
The potential of the tools provided is practically unlimited, what you do with them is entirely up to you. They have been designed to offer the maximum flexibility and therefore the greatest potential. Some of the tools are free standing and can be used on their own, while others are of greater worth when combined with other tool kit elements or other analytical tools.
For in-depth explanations of the tools included in this kit we strongly recommend that you read "Bollinger on Bollinger Bands." The key concepts are explained there and the various approaches fully delineated. If you do not already have a copy, you can order an autographed copy at BollingerBands.com.
There is one approach included in the tool kit that is not discussed in the book, Method IV. This method requires that volatility be relatively low--in the lowest quartile of the immediately prior six-month range. Then we look for the following breakout sequence: Day one, a close inside the bands. Day two, a close outside the bands. Day three, price action that exceeds the close of day two for an upside breakout or undercuts the close of day two for a downside breakout. Method IV conditions may be tightened by requiring that the high of day two be exceeded, or the low undercut, rather than the close. Method IV may be of special interest to shorter-term and swing traders. In trading-range markets, this method is a good source for reversal signals.
While there are four example systems included in this tool kit, this package is not and was not meant to be, a trading system. Rather it is a tool kit that allows you to create your own trading systems and analysis.
Click here for a complete listing of the Bollinger Band Tool Kit for eSignal contents
I hope you enjoy my Bollinger Band Tool Kit.
John Bollinger, CFA, CMT