StockFetcher Forums · Indicators and Measures · Projection Bands (Upper/Lower)<< >>Post Follow-up
stockfetcher
963 posts
msg #146
11/19/2002 10:59:01 AM

Projection Bands (Upper/Lower)

Parameters Period
Usage Upper Projection Band(14)
Lower Projection Band(14)
Description Similar in purpose to Bollinger Bands, the Projection Bands (developed by M. Widner) use the slope of the linear regression line along with recent highs and lows to establish price boundaries. Due to the algorithm, the price will never cross the upper or lower band, but a move towards the upper band may indicate a negative correction coming, while a move near the lower may present a bullish opportunity.
Examples
Fetcher[show stocks where the close is less than 0.1% below the upper projection band(14)]


Fetcher[show stocks where the close is less than 1% above the lower projection band(14) and the close has been increasing for 1 day]



StockFetcher Forums · Indicators and Measures · Projection Bands (Upper/Lower)<< >>Post Follow-up

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