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Charting and Studies User Guide - CQG.com

Charting and Studies User Guide - CQG.com

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Page 618<br />

Optimized B<strong>and</strong>s (TJOB)<br />

Tom Joseph Optimized B<strong>and</strong>s (TJOB) are High/Low B<strong>and</strong>s derived from a simple moving<br />

average. Once the simple moving average has been calculated the b<strong>and</strong>s are determined by the<br />

multiplication of a high b<strong>and</strong> optimization factor/low b<strong>and</strong> optimization factor. These factors are<br />

also necessary in the calculation of the Tom Joseph Trend Index study.<br />

This study is presented in <strong>CQG</strong> to allow the user to use it in conjunction with the TJTI study as<br />

a learning tool.<br />

Optimized B<strong>and</strong>s Parameters<br />

Parameters are:<br />

• Display<br />

• MarkIt<br />

• Period: Time period for moving average.<br />

• Price: The price used for TJOB calculations.<br />

Third-Party <strong>Studies</strong>

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