CCT Bollinger Bands Oscillator
The CCT Bollinger Bands Oscillator was developed by Steve Karnish of Cedar Creek Trading. It is a reconfiguration of John Bollinger’s Classic Bollinger Bands. The formula for this oscillator looks like this (c+2*std(C,21)-Mov(C,21,s)/(4*STD(C,21))*100 This indicator puts combines the CCT oscillator with the Bollinger bands and places it at the bottom of the stock chart. Each Bollinger band is 2 standard deviations from the moving average of the CCT. When the CCT is below the Bands it is suppose to be oversold and offers a good buying opportunity. When it is above the bands the security is overbought and that provides an opportunity to sell or short the stock. 
The CCT Bollinger Band oscillator can be used to confirm technical indicators. It can also be used to identify failed swings that can lead to trend reversals. Other Oscillators Using different Oscillators in conjunction with each other can give you a more clear view on where the stock is going in the short term. Here are a few other indicators that you can look into. ADXR - This is another version of the ADX oscillator and allows you to see trends in the stock Bollinger Bands - These are lines which you can place on the stock and can act as support and resistance Chande Momentum Oscillator - This indicator was named after its creator Tushar Chande
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