CCT Bollinger Band Oscillator

The CCT             Bollinger Band Oscillator (CCTBO), developed by Steve Karnish of Cedar Creek Trading, reconfigures John Bollinger's classic Bollinger Bands ( envelopes plotted at two Standard Deviations above and below a moving average ) by drawing two parallel lines replacing the envelopes . The parallel lines represent a measurement of two Standard Deviations from the mean and are assigned a value of zero and 100 on the chart.

The indicator represents the price as it travels above and below the mean (50%) and outside the two standard deviations (zero and 100). Penetration of the upper band represents overbought conditions while penetration of the lower band signifies oversold conditions. Usage of the CCT             Bollinger Band Oscillator to identify 'failure swings' and 'divergences' can lead to significant reversals.

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// @author LazyBear 
// List of all my indicators: 
study("CCT Bollinger Band Oscillator [LazyBear]", shorttitle="CCTBBO_LB")
cctbbo=100 * ( src + 2*stdev( src, length) - sma( src, length ) ) / ( 4 * stdev( src, length ) )

ul=hline(100, color=gray)
ll=hline(0, color=gray)
hline(50, color=gray)
fill(ul,ll, color=blue)

plot(cctbbo, color=blue, linewidth=2)
plot(ema(cctbbo, lengthMA), color=red)
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2 years ago
Awesome... thanks, as usually
LazyBear PRO magarto
2 years ago
yw :)
+1 Reply
2 years ago
Is it the same as in the link but adding a MA13?
I would like to add it to my MT4 server.
LazyBear PRO magarto
2 years ago
yup, the same.
CCT Bollinger Band Oscillator (CCTBO) peaks are very reliable finding squeezes
LazyBear PRO QuantitativeExhaustion
2 years ago
Nice. You are the master of squeeze play , still waiting for your tutorial on using CogChannel + Sqzmom + whatever other sauce u use ;)
+1 Reply
QuantitativeExhaustion PRO LazyBear
2 years ago
Looks like your SQZ indicator (not overlay) is working well. SQZ plays are where the money is when you trade options.
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