He developed the charting technique called Trendographs and had built up a company called Investographs that had a subscription service for these charts. This was work that was done by an analyst by the name of Quinn starting back in the 1920s. One of the ideas that intrigued me, but I was never able to actually visualize was something called Trendographs.
It was just a fantastic survey of the state of technical analysis at the time and had just chockfull of really interesting ideas. It was written by Garfield Drew and the first edition of it must have come out some place in the mid’30s or so that is the 1930s, but the one that I have dates from the very early 1950s like 1953. When I first came into the business, I was very lucky to stumble across a book called New Methods for Profit in the Stock Market. That is, it’s new for me and I think it’s going to be new for many traders, but it’s really a very old concept. John Bollinger: Well, it’s new and it’s old at the same time. Traders are always looking for new ways to look at the markets, John, and you’ve got one called Equivolume charts that you are implementing now, talk about what that is. My guest today is John Bollinger, a name familiar to all of you, of course the founder of Bollinger Bands and the inventor of Bollinger Bands and John has got some other interesting charts we want to talk about today. Find out more at Tim Bourquin: Hello everybody and thanks for joining. The theory is old, yet John Bollinger has made it easy for traders to combine price and volume on charts in a way that is intuitive and simple to read.Īt the end of the interview, we also talk about the current markets, and I get Bollinger's take on where this market is headed next, including the signs of a top that he will be monitoring. In this segment of the Trader Talk Podcast, I talk with John about using "equivolume" charts, removing time from the chart axis, and focusing on how much volume occurs at certain price levels. You know John Bollinger as the inventor of Bollinger Bands, but in the last few months he has done a tremendous amount of work on how traders can monitor volume in the market at certain price levels.