Chapter | 11VOLATILITY BANDS ON OSCILLATORS
By the end of Part 3, you will feel certain that no conventional indicator is safe in my hands. I will invert it, smooth it, compound it, disassemble it, superimpose it, and even imbed it—all in an effort to understand it.
—Technical Analysis for the Trading Professional, First Edition
It never occurred to me that some people would tabulate all the indicators I referenced throughout the book to see if they could identify the Composite Index. The Composite Index was the only imbedded formula. Momentum has been added to a fast RSI to break the limitations of normalization when an oscillator must travel in a fixed range of zero to one hundred. I never use volatility bands on an oscillator that has unrestricted ...
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