CCT Bollinger Bands OscillatorSwing Trading. The $17 Stock Trading System. The Trading P.i.t. Club 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. 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.
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