Optimized Bands (TJOB)

Tom Joseph Optimized Bands (TJOB) are High/Low Bands derived from a simple moving average. Once the simple moving average has been calculated the bands are determined by the multiplication of a high band optimization factor/low band optimization factor. These factors are also necessary in the calculation of the Tom Joseph Trend Index study.

This study is presented in CQG to allow the user to use it in conjunction with the TJTI study as a learning tool.

Optimized Bands Parameters

•      Display

•      MarkIt

•      Period: Time period for moving average.

•      Price: The price used for TJOB calculations.