概要信息：

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布林线在中国股市中的选股技巧
约翰布林格
一）布林线指标的介绍
A) brin line indicator is introduced 
布林线指标，即 BOLL指标，其英文全称是“Bolinger Bands”，布林线(BOLL)由约翰布林先
生创造，其利用统计原理，求出股价的标准差及其信赖区间，从而确定股价的波动范围及
未来走势，利用波带显示股价的安全高低价位，因而也被称为布林带。
Brin line index, namely among indexes, the English full name is "Bolinger Bands", Mr Brin line 
(among) created by John Mr Brin, the use of statistics principle, the standard deviation of stock 
price and its confidence interval, to determine the scope of the stock price fluctuations and 
future trend, using the wave band shows that the safety of the share price high and low price, 
and thus are also referred to as forest. 
布林指标属路径指标，是研判市场运动趋势的一种中长期技术分析工具。一般而言，市场
的运动总是围绕某一价值中枢（如均线、成本线等）在一定的范围内变动，布林线指标指
标正是在上述条件的基础上，引进了“价格通道”的概念，其认为市场价格通道的宽窄随
着股价波动幅度的大小而变化，而且价格通道又具有变异性，它会随着市场价格的变化而
自动调整。
Brin index is a path index, is a kind of medium to long term of market movement technical 
analysis tools. In general, the market movement is always around a central value (such as 
average line, cost, etc.) within a certain range of change, brin line indicator index is based on the 
above conditions, the introduction of the concept of "price channel", argues that the market 
price of channel width changes with the size of the stock price volatility, and the price channel 
and variability, it will automatically adjust with the change of market prices. 
BOLL是利用“价格通道”来显示市场价格的各种价位，当市场波动很小，处于盘整时，价
格通道就会变窄，这可能预示着市场的波动处于暂时的平静期；当市场价格波动超出狭窄
的价格通道的上轨时，预示着市场的异常激烈的向上波动即将开始；当市场价格波动超出
狭窄的价格通道的下轨时，同样也预示着市场的异常激烈的向下波动将开始。
Among "price channel" is used to display various level of market prices, when the market 
volatility is very small, are in a consolidation, narrow channel will, perhaps signifying the volatility 
of the market in a temporary calm period; When the market price fluctuations beyond the 
narrow price channel on the rail, indicates the market is fierce upward wave is about to begin. 
When the price of market price fluctuations beyond the narrow channel under the rail, also 
indicates the market is fierce downward fluctuations will begin. 
正是由于它具有灵活性、直观性和趋势性的特点，BOLL指标渐渐成为投资者广为应用的市
场上热门指标。
Because it has the characteristics of flexibility, intuitive and trend, investors among indicators 
becoming a widely popular on the market index. 
　　必须强调，布林线反映股价运行趋势和股价的高低是相对的，投资者作出投资判断还
须综合参考股价的基本面和其他技术指标（包括价量配合，心理类指标，类比类指标）以
及市场消息或其它关联数据。
Must emphasize that Mr Brin line reflects the running trend in market prices and stock price is 
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relative, investors make investment decision must be comprehensive reference price 
fundamentals and other technical indicators (including quantity, psychological indexes, analogy 
class index) and market news, or other associated data. 
　　布林线的主要功能有四个：
Brin line there are four main functions: 
1.布林线可以指示支撑和压力位置；
1. Brin line can direct support and pressure position; 
2.布林线可以显示超买、超卖；
2. Brin line can show overbought and oversold; 
3.布林线可以指示趋势；
3. Brin line can indicate the trend; 
4.布林线具备通道功能。
4. Brin line have channel function. 
　　BOLL指标的计算方法
Among index calculation method 
BOLL指标可因其计算周期不同而有日 BOLL指标、周日 BOLL指标、年 BOLL指标，计算的
原理和方法一样。
Among indicators to Japan because of their different computing cycle among indicators, among 
indicators on Sunday, years among indicators, the principle and method of calculation. 
故以日 BOLL指标计算为例说明如下：　　
The diurnal among indicators calculated as an example to illustrate as follows: 
1.日 BOLL指标的计算公式
1. The day among index calculation formula 
中轨线=N日的移动平均线
The rail line = N day moving average 
上轨线=中轨线＋两倍的标准差
Rail line in the trajectory = + two times the standard deviation 
下轨线=中轨线－两倍的标准差
Under the rail line = - two times the standard deviation of the rail line 
2.日 BOLL指标的计算过程
2. Among index calculation process 
（1）计算MA
(1) MA 
MA=N日内的收盘价之和÷N
MA = N days after the closing price of the sum of the present N 
（2）计算标准差MD
(2) calculating the standard deviation of MD 
MD=平方根 N日的（C－MA）的两次方之和除以 N
MD = (C - MA) of square root of N, N the sum of the two parties 
（3）计算MB、UP、DN线
(3) calculation of MB, the UP and DN line 
MB=（N－1）日的MA
MB = (N - 1), MA 
UP=MB＋2×MD
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The UP = MB + 2 x MD 
DN=MB－2×MD
DN = MB - 2 x MD 
BOLL指标一共由三条线组成，即上轨线 UP 、中轨线MB、下轨线 D。
Among indexes altogether is composed of three lines, namely, rail line on the UP, middle rail line 
MB, rail line under D. 
BOLL指标的一般研判标准
Among indicators and to the general standard 
（一）BOLL指标中的上、中、下轨线的意义
(a) among indicators of the rail line, which meaning 
1、BOLL指标中的上、中、下轨线所形成的价格通道的移动范围是不确定的，通道的上下
限随着市场价格的上下波动而变化。在正常情况下，市场价格应始终处于价格通道内运行。
如果市场价格脱离价格通道运行，则意味着行情处于极端的状态下。
1, among indicators of the rail line, which formed by the moving range of price channel is 
uncertain, the channel of upper and lower with the fluctuating of the market price changes. 
Under normal circumstances, market prices should always be in the running time. If the market 
prices from channel operation, means that the market is in a state of extreme. 
2、在 BOLL指标中，价格通道的上下轨是显示市场价格安全运行的最高价位和最低价位。
上轨线、中轨线和下轨线都可以对市场的运行起到支撑作用，而上轨线和中轨线有时则会
对市场的运行起到压力作用。
2, in among indexes, the top and bottom rail of price channel is to show the safe operation of the 
market price of the highest price and lowest price. On the rail line, the rail line and the trajectory 
can be to support the operation of the market, and rail line in the trajectory and sometimes will 
be pressure on the operation of the market. 
3、一般而言，当价格在布林线的中轨线上方运行时，表明市场处于强势趋势；当市场价格
在布林线的中轨线下方运行时，表明市场处于弱势趋势。
3, in general, when the price in brin line running above rail line, suggests that the market in a 
strong trend; When the market price in brin line operation of the rail line side, shows that the 
market is weak trend. 
（二）BOLL指标中的上、中、下轨线之间的关系
(2) among the indicators of the rail line, which the relationship between 
1、当布林线的上、中、下轨线同时向上运行时，表明市场强势特征非常明显，短期内将继
续上涨，投资者应坚决持股做多。
1, when brin line of the rail line, which run at the same time, suggests that the market strong 
characteristic is obvious, in the short term will continue to rise, investors should firmly holding to 
do more. 
2、当布林线的上、中、下轨线同时向下运行时，表明市场的弱势特征非常明显，短期内将
继续下跌，投资者应坚决做空。
2, when brin line of the rail line, which run down at the same time, suggests that the market 
vulnerable characteristics are very obvious, in the short term will continue to fall, investors 
should firmly shorting. 
3、当布林线的上轨线向下运行，而中轨线和下轨线却还在向上运行时，表明市场处于整理
态势之中。如果市场是处于长期上升趋势时，则表明市场是上涨途中的强势整理，投资者
可以持多待涨或逢低做多；如果市场是处于长期下跌趋势时，则表明市场是下跌途中的弱
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势整理，投资者应以持空待跌或逢高做空为主。
3, when brin line on the rail line run down, and the trajectory and the trajectory is still upward 
run, market shows that in the situation. If the market is in long-term upward trend, suggests that 
the market is up on the way a strong finishing, investors can hold stay up or meet more complete; 
If the market is in long-term downward trend, suggests that the market is down on the way the 
weak finishing, investors should hold empty stay down or meet high shorting. 
4、布林线的上轨线向上运行，而中轨线和下轨线同时向下运行的可能性非常小，这里就不
作研判。
4, brin line on the rail line running up, and the rail line and the rail line running down the 
possibility of very small at the same time, here will not be read. 
5、当布林线的上、中、下轨线几乎同时处于水平方向横向运行时，则要看市场目前的走势
处于什么样的情况下来判断。
5, when brin line under the rail line, which is almost in a horizontal transverse running at the 
same time, it's the shape of the market at present is what kind of situation judgment. 
（1）当市场前期一直处于长时间的下跌行情后开始出现布林线的三条线横向移动时，表明
股价是处于构筑底部阶段，投资者可以开始分批少量建多仓。一旦三条线向上发散则可加
大做多力度。
(1) when the early stage of the market has been in a long time began to appear after the 
downtrend brin line of lateral movement, three line shows that share price is at the stage at the 
bottom of the building, investors can build more starts a small warehouse. Once the three line up 
divergence can intensify to do more. 
（2）当市场前期是处于小幅的上涨行情后开始出现布林线的三条线横向移动，表明市场是
处于上升阶段的整理行情，投资者可以持多待涨或逢低做多，一旦三条线向上发散则可短
线加码做多。
(2) when the market is at a slightly higher prices started to brin line after the three lines of lateral 
movement, and suggests that the market is in the rising stage of finishing market, investors can 
hold stay up or meet more complete, once three short divergence upward can do more 
overweight. 
（3）当市场刚刚经历一轮大跌行情时开始出现布林线的三条线横向移动，表明股价是处于
下跌阶段的整理行情，投资者应以持空待跌和逢高做空为主，一旦三条线向下发散则坚决
做空。
Just experience a sell-off (3) when the market began to appear when brin line of lateral 
movement in three line, suggests that is in the decline stage of market shares, investors should 
hold empty to stay down and on every high short is given priority to, once three line downward 
divergence has strongly shorting. 
（4）布林线三条线在顶部横向运动的可能性极小，这里也不作研判。
(4) brin line three lines at the top lateral movement of the little chance, here also don't read. 
（三）K线和布林线上、中、下轨之间的关系
(3) the K line and brin online relations between rail 
1、当 K线从布林线的中轨线以下、向上突破布林线中轨线时，预示着市场的强势特征开始
出现，将上涨，投资者应以中长线做多为主。
1, when K line from brin line rail line in the following, upward breakthrough brin line in the rail 
line, the signal strength characteristics of the market began to appear, will rise, investors should 
be given priority to with longer-term do much. 
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2、当 K线从布林线的中轨线以上、向上突破布林线上轨时，预示着市场的强势特征已经确
立，可能短线大涨，投资者应以持多待涨或短线做多为主。
2, when K line rail line from brin line above, upward breakthrough brin line rail, heralding the 
strength characteristics of the market has been established, may be short term rally, investors 
should give priority to in order to hold short stay up or do more. 
3、当 K线向上突破布林线上轨以后，其运动方向继续向上时，如果布林线的上、中、下轨
线的运动方向也同时向上，则预示着市场的强势特征依旧，短期内还将上涨，投资者应坚
决持多待涨，直到 K线的运动方向开始有掉头向下的迹象时才密切注意行情是否转势。
3, when K line upward breakthrough brin line rail, its movement direction to continue upward, if 
Mr Brin line, which under the movement direction of the rail line up at the same time, also 
indicates the market is still strong features, in the short term will also rise, investors should firmly 
hold to stay up, until the movement direction of the K line to have turned down signs of whether 
to pay close attention to market potential. 
4、当 K线在布林线上方向上运动了一段时间后，如果 K线的运动方向开始掉头向下，一旦
向下突破布林线上轨时，预示着市场短期的强势行情可能结束，短期内将大跌，投资者应
及时短线做空。
4, when the K line in brin line direction movement after a period of time, if the movement 
direction of the K line start heading down, once break downward brin line rail, short-term 
strength indicates the market may be coming to an end, will fall in the short term, investors 
should be short short in time. 
5、当 K线从布林线的上方向下突破布林线上轨后，如果布林线的上、中、下轨线的运动方
向也开始同时向下，预示着市场的短期强势行情即将结束，短期走势不容乐观，投资者应
以逢高做空为主。
5, when K line from under the direction of brin line breakthrough after brin line rail, if Mr Brin 
line of the rail line, which direction are down at the same time, short-term strength indicates the 
market is coming to an end, in the short term trend is not optimistic, investors should be given 
priority to with every high short. 
6、当 K线从布林线中轨上方、向下突破布林线的中轨时，预示着市场前期的强势行情已经
结束，中期下跌趋势已经形成，投资者应中线及时做空。如果布林线的上、中、下线也同
时向下则更能确认。
In June, when K line from brin line over the rail, rail break downward brin line, the indicates the 
strength of the market early market has ended, medium-term downward trend has been formed, 
investors should be middle short in time. If Mr Brin line rolled off the production line, which also 
is more can confirm down at the same time. 
7、当 K线向下跌破布林线的下轨并继续向下时，预示着市场处于极度弱势行情，投资者应
坚决以做空为主，尽量不多。
7, when K line down below brin line under the rail and continue down, in extreme weak signal 
market, investors should firmly is given priority to with short, as far as possible. 
8、当 K线在布林线下轨运行了一段时间后，如果 K线的运动方向有掉头向上的迹象时，表
明市场短期内将止跌企稳，投资者可以少量逢低建多仓。
8, when K line in brin line rail operation after a period of time, if the movement direction of the K 
line have turned up signs, shows that the short-term market will stop falling stabilized, investors 
can build more small dips, warehouse. 
9、当 K线从布林线下轨下方、向上突破布林线下轨时，预示着市场的短期行情可能回暖，
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投资者可以及时适量做多，作短线反弹行情。
9, when K line from brin line below the rail, upward breakthrough brin line rail, short-term 
indicates the market may rebound, investors can do more than moderate in time, as a short term 
rally. 
10、当 K线一直处于中轨线上方，并和中轨线一起向上运动时，表明市场处于强势上涨过
程中，只要 K线不跌破中轨线，投资者坚决一路持多。
10, when K line has been in a rail line in the upper part, and rail line up together, and suggests 
that the market in a strong rise in the process, as long as the rail line in the K line not below, 
investors firmly hold all the way. 
11、当 K线一直处于中轨线下方，并和中轨线一起向下运动时，表明市场处于弱势下跌过
程中，只要 K线不向上反转突破中轨线，投资者都可一路持空。
11, when K line has been in a rail line in the party, and downward movement with the rail line, 
suggests that the market in the process of the weak falling, as long as the K line not reverse 
upward breakthrough in the rail line, investors can hold empty all the way. 
BOLL指标的特殊分析方法
Among indexes of special analysis method 
（一）、布林线“喇叭口”的研判
(a), and to brin line "bell" 
　　布林线“喇叭口”的研判是 BOLL指标所独有的研判手段。所谓布林线“喇叭口”是指
在市场价格运行的过程中，布林线的上轨线和下轨线分别从两个相反的方向与中轨线大幅
扩张或靠拢而形成的类似于喇叭口的特殊形状。根据布林线上轨线和下轨线运行方向和所
处的位置的不同，我们又可以将“喇叭口”分为开口型喇叭口、收口型喇叭口和紧口型喇
叭口等三种类型。开口型喇叭口形态常出现在市场短期内暴涨行情的初期，收口型喇叭口
形态常出现在市场暴跌行情的初期，紧口型喇叭口形态则常出现在市场大幅下跌的末期。
To brin line "bell" is unique among index analysis method. Brin line "bell" refers to the market 
price in the process of operation, brin line on the rail line and the rail line respectively from two 
opposite directions and rail line in the huge expansion in or close to form similar to the special 
shape of the trumpet. According to brin line trajectory and the trajectory direction and position 
is different, we have the "bell" can be divided into open mouth bell mouth, closed mouth bell 
mouth and three types such as tight mouth bell mouth. Open rack bell shape often appeared in 
the early market soaring prices in the short term, the closed mouth bell shape often appear at 
the beginning of the market crash, tight mouth bell mouth shape is often appear in the turn of 
the market fell sharply. 
1、开口型喇叭口
1, open rack bell mouth 
　　当市场经过长时间的底部整理后，布林线的上轨线和下轨线逐渐收缩，上下轨线之间
的距离越来小，市场价格突然出现向上急速飙升的行情，此时布林线上轨线也同时急速向
上扬升，而下轨线却加速向下运动，这样布林线上下轨之间的形状就形成了一个类似于大
喇叭的特殊形态，我们把布林线的这种喇叭口称为开口型喇叭口。
When the bottom of the market after a long time after finishing, brin line trajectory and the 
trajectory is gradually shrinking, the distance between the top and bottom rail line is to small, 
the market price suddenly surged upward sharply, brin line rail line at this time also to rise up 
sharply at the same time, the downward movement trajectory is accelerated, so Mr Brin line 
between the top and bottom rail shape is formed a special form similar to the loudspeakers, we 
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called the brin line of the bell mouth open rack bell mouth. 
　开口型喇叭口是一种显示市场短线大幅向上突破的形态。它是形成于市场经过长时间的
低位横盘筑底后，面临着向上变盘时所出现的一种走势。布林线的上、下轨线出现方向截
然相反而力度却很大的走势，预示着多头力量逐渐强大而空头力量逐步衰竭，市场将处于
短期大幅拉升行情之中。
Open mouth bell is a short-term market sharply upward breakthrough. It is formed in the market 
after a long low sideways after bottoming, face upward change disk when a trend. Brin line of 
upper and lower rail line in the opposite direction and the strength is big, heralding the bull 
power gradually strong and short power failure gradually, the market will be in short-term lift 
prices sharply. 
　　开口型喇叭口形态的形成必须具备两个条件。其一，是市场要经过长时间的中低位横
盘整理，整理时间越长、上下轨之间的距离越小则未来涨升的幅度越大；其二，是布林线
开始开口时要有明显的大的成交量出现。
Open rack bell shape the formation of the two requirements must be met. First, is the market 
after a long time in the low sideways, the longer the time, the smaller the distance between the 
top and bottom rail is a larger future up; Second, is Mr Brin line began to speak when appear to 
have the obvious big volume. 
　　开口喇叭口形态的确立是以 K线（或 K线）向上突破上轨线、价格带量向上突破中长
期均线为准。对于开口喇叭口形态的出现，投资者如能及时短线做我定会获利丰厚。
The establishment of the opening bell shape based on K line (or K line) upward breakthrough on 
rail lines, bring up above long-term averages of prices. For the emergence of the opening bell 
shape, investors such as timely short-term do I will be profitable. 
2、收口型喇叭口
2, close mouth bell mouth 
　当市场经过短时间的大幅拉升后，布林线的上轨线和下轨线逐渐扩张，上下轨线之间的
距离越来越大，随着成交量的逐步减少，市场价格在高位出现了急速下跌的行情，此时布
林线的上轨线开始急速掉头向下，而下轨线还在加速上升，这样布林线上下轨之间的形状
就变成一个类似于倒的大喇叭的特殊形态，我们把布林线的这种喇叭口称为收口型喇叭口。
When the market after a short period of time of a large rise, brin line trajectory and the 
trajectory is gradually expanding, increasing the distance between the top and bottom rail line, 
as the volume gradually reduce, appeared in the high market prices fall sharply, as Mr Brin line 
trajectory began heading down rapidly, and the trajectory is accelerating rise, so Mr Brin line 
between the top and bottom rail shape becomes a similar to the special form of loudspeakers, 
we called the brin line of the bell mouth bell mouth. 
　　收口型喇叭口是一种显示市场短线大幅向下突破的形态。它是形成于市场经过短时期
的大幅拉升后，面临着向下变盘时所出现的一种走势。布林线的上下轨线出现方向截然相
反而力度很大的走势，预示着空头力量逐渐强大而多头力量开始衰竭，市场将处于短期大
幅下跌的行情之中。
Closed mouth bell is a short-term market sharply down through forms. It is formed in the market 
after a short sharp pull litre, facing the variable plate when a downward trend. Brin line rail line 
up and down the opposite direction and strength of large, heralding the short power gradually 
strong and long began to collapse, the market will be in the short term the market fell sharply. 
收口型喇叭口形态即市场经过前期大幅的短线拉升，拉升的幅度越大、上下轨之间的距离
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越大则未来下跌幅度越大。
Closed mouth bell shape the market after its sharp short lift, the greater the amplitude of lift, the 
greater the distance between the top and bottom rail, the greater the fall in the future. 
收口型喇叭口形态的确立是以市场的上轨线开始掉头向下、价格向下跌破短期均线为准。
对于收口型喇叭口形态的出现，投资者如能及时做空则做获取比较大的收益。
Closed mouth rail line on the establishment of bell shape is based on the market began to turn 
down, down below the short-term average of prices. For closed mouth bell shape, investors such 
as timely do empty to obtain the larger income. 
3、紧口型喇叭口
3, close mouth bell mouth 
　当市场经过长时间的下跌后，布林线的上下轨向中轨逐渐靠拢，上下轨之间的距离越来
越小，市场价格在低位的反复振荡，此时布林线的上轨还在向下运动，而下轨线却在缓慢
上升。这样布林线上下轨之间的形状就变成一个类似于倒的小喇叭的特殊形态，我们把布
林线的这种喇叭口称为紧口型喇叭口。
When the market after a long decline, brin line of top and bottom rail to rail gradually close, the 
distance between the top and bottom rail is more and more small, the market price in low 
repeatedly oscillation, brin line at this time on the rail is in downward movement, and the 
trajectory is slowly rising. Such brin line between the top and bottom rail shape becomes a 
similar to pour the special form of small speakers, we called the brin line of the bell mouth tightly 
bell mouth. 
　紧口型喇叭口是一种显示市场将长期小幅盘整筑底的形态。它是形成于市场价格经过长
期大幅下跌后。面临着长期调整的一种走势。布林线的上下轨线的逐步小幅靠拢，预示着
多空双方的力量逐步处于平衡，市场将处于长期横盘整理的行情中。
Close mouth bell is a display market consolidation bottoming modestly long form. It is formed in 
the market after a sharp drop in for a long time. Faced with the long-term adjustment a trend. 
Brin line up and down the trajectory of a gradual move slightly, heralding the long-short strength 
of both sides gradually in balance, the market will be in sideways in the market for a long time. 
　紧口型喇叭口形态的形成条件和确认标准比较宽松，只要市场经过较长时间的大幅下跌
后，成交极度萎缩，上下轨之间的距离越来越小的时候就可认定紧口型喇叭初步形成。当
紧口型喇叭口出现后，投资者既可以观望等待，也可以少量建多仓。
Tight mouth bell shape forming conditions and validation criteria is loose, as long as markets 
after the sharp drop in for a long time, clinch a deal the extreme shrinking, the distance between 
the top and bottom rail can be decided when I was more and more small mouth horn has been 
formed. The immediate mouth bell mouth, investors can wait wait, can also be a small amount of 
building many positions. 
（二）中轨的买卖标志
(2) in the rail business logo 
　1、当 K线（或 K线）向上突破布林线中轨时，如果市场价格也突破股价中期均线，则意
味着市场中短期向上扬升趋势开始形成，这是布林线指标揭示的中短期买入标志。
1, when K line (or K line) upward breakthrough rail brin line, if the market price also break 
through the medium-term average share prices, means that the market short-term to rise up 
trend began to form, this is Mr Brin line indicators reveal the short to medium term of buying. 
　2、当 K线（或 K线）向上突破布林线中轨后，如果市场价格依托布林线中轨向上攀升时，
则意味着市场的中短期向上趋势已经相成，这是布林线指标揭示的逢低做多或持多标志。
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2, when K line (or K line) upward breakthrough after rail brin line, if the market price depends on 
the rail climb brin line, the means that the market in the short-term upward trend has each other, 
this is Mr Brin line indicators reveal meet more complete or more marks. 
　3、当 K线（或 K线）向下跌破布林线中轨时，如果市场价格也先后跌破中短期均线，则
意味着市场的中短期向下阴跌趋势开始形成，这是布林线指标揭示的中短期做空标志。
3, when K line (or K line) down below the rail brin line, if the market price has fallen below 
medium-term average, means that the medium-term Yin fell down trend of the market began to 
form, this is Mr Brin line indicators reveal the short to medium term bearish sign. 
　4、当 K线（或 K线）向上突破布林线中轨后，如果市场价格被布林线中轨压制下行时，
则意味着市场的中短期下降趋势已经相成，这是布林线指标揭示的做空标志。
4, when the K line (or K line) upward breakthrough after rail brin line, if the market price is brin 
line pressing downward in the rail, the medium-term decline means that the market has each 
other, this is Mr Brin line indicators reveal the shorting of logo. 
（三）BOLL指标与 KDJ指标的配合使用
(3) among indicators KDJ indicators and cooperate to use 
　KDJ指标是超买超卖类指标,而布林线则是支撑压力类指标。两者结合在一起的好处是:可
以使 KDJ指标的信号更为精准,同时,由于价格日 K线指标体系中的布林线指标,往往反映的
是价格的中期运行趋势,因此利用这两个指标来判定价格到底是短期波动,还是中期波动具有
一定作用,尤其适用于判断价格到底是短期见顶（底）, 还是进入了中期上涨（下跌）,具有
比较好的研判效果。
KDJ indicator is overbought oversold class indexes, and brin line is support pressure indexes. : are 
the benefits of both together can make KDJ indicators more accurate signal, at the same time, 
due to price day K line brin line index in the index system, often reflect the mid-term operation 
trend of prices, so the use of these two indicators to determine the price exactly is short-term 
fluctuations, or middle fluctuation has a role, is especially applicable to determine the price 
short-term peak (bottom), or enter the medium-term rise (fall), and to have better effect. 
　我们知道,布林线中的上轨有压力作用,中轨和下轨有支撑（压力）作用, 因此当价格下跌
到布林线中轨或者下档时,可以不理会 KDJ指标所发出的信号而采取操作。当然,如果 KDJ指
标也走到了低位,那么应视作短期趋势与中期趋势相互验证的结果, 而采取更为积极的操作
策略。但要注意的是,当价格下跌到布林线下轨时,即使受到支撑而出现回稳,KDJ指标也同步
上升,可趋势转向的信号已经发出,所以至多只能抢一次反弹。而当 KDJ 指标走上 80高位时,
采取卖出行动就较为稳妥,因为当股价跌破布林线中轨后将引发布林线开口变窄,此时要修复
指标至少需要进行较长时间的盘整,所以说无论从防范下跌风险,还是从考虑持有的机会成本
来看,都不宜继续持有。
As we know, brin line pressure on the rail, rail and supported under the rail (pressure), so when 
prices fall to brin line rail or the downside, can ignore signals emitted from KDJ indicators and 
take action. Of course, if the KDJ indicator has reached the lows, so should be regarded as the 
results of the trend of short-term and medium-term trend, and adopt a more positive operating 
strategy. But note that when prices fall to brin line rail, even if supported by stabilizing, KDJ 
indicators also rise, but the trend towards signal has gone forth, so up to just grab a rebound. 
When KDJ indicators on 80 high, sell action is more reliable, because when the stock price fell 
below brin line will lead release after rail line in the narrow opening, at this time to repair the 
index requires at least a consolidation for a long period of time, so no matter from against 
downside risk, or from the perspective of considering holding the opportunity cost of all should 
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not continue to hold. 
布林线指标的神奇作用
Brin line indicators of magical effect 
布林线指标（Ｂｏｌｌ）是通过计算股价的“标准差”，再求股价的“信赖区间”。该指
标在图形上画出三条线，其中上下两条线可以分别看成是股价的压力线和支撑线，而在两
条线之间还有一条股价平均线，布林线指标的参数最好设为２０。一般来说，股价会运行
在压力线和支撑线所形成的通道中。
Brin line index (among) is by calculating the share price of "standard deviation", to share the 
confidence interval. The indicator on the graphics draw a line of three, up and down the two 
lines can be respectively as the pressure line of stock prices and support line and between the 
two lines have a share price average, brin line index parameter is set to 20 best. Generally 
speaking, stock price runs in the pressure line and support line formed by the channel. 
 
　布林线指标的一般用法在许多书上都有讲述，这里就不多讲了。我主要想讲一讲布林线
指标对行情的预告作用，虽然，像ＫＤＪ、ＭＡＣＤ等指标可以通过低位向上交叉来作为
买入讯号或通过高位向下交叉来作为卖出讯号，但这些指标都有一个缺点，就是在股价盘
整的时候会失去作用或产生骗线，给投资者带来损失。通常在股价盘整的过程中，投资者
最想知道的一定是股价要盘整到什么时候才会产生行情。因为如果太早买入股票，而股票
却又迟迟不涨，资金的利用率就会降低，而且投资者还要承担股价下跌的风险。而布林线
指标则恰恰可以在这时发挥其神奇的作用，对盘整的结束给予正确的提示，使投资者避免
太早买入股票。
Brin line indicator of general usage in many books, there is not much about. I mainly want to talk 
about Mr Brin line indicators of market forecast, though, such as KDJ, MACD indicators can be as 
a buy signal with low cross up or down by high cross as a sell signal, but these indicators have a 
fault, is at the time of share price correction will not work or producing line, bring losses to 
investors. Usually in the process of price consolidation, investors want to know when will must 
be a price correction to produce. Because if too early to buy stocks and shares and slow inflation, 
will reduce capital utilization, and investors need to assume the risk of falling share prices. And 
brin line indicators, on the other can play a role of the magical at this moment, to the end of the 
consolidation to give correct, allow investors to avoid too early to buy stocks. 
　其实利用布林线指标选股主要是观察布林线指标开口的大小，对那些开口逐渐变小的股
票就要多加留意了。因为布林线指标开口逐渐变小代表股价的涨跌幅度逐渐变小，多空双
方力量趋于一致，股价将会选择方向突破，而且开口越小，股价突破的力度就越大。那么
到底开口多小才算小，这里可引入极限宽指标（ＷＩＤＴＨ），即表示布林线指标开口大
小的指标。有的软件没有这个指标，可以通过以下方法计算：ＷＩＤＴＨ＝（布林上限值
－布林下限值）／布林股价平均值。一般来说极限宽指标小于１０的股票随时有可能发生
突破。但是，极限宽指标值的临界点会随个股不同而改变，所以最好观察该股一年来的极
限宽指标走势以确定极限宽指标值的临界点。
Actually use of Boolean line index stock selection is mainly observed brin line index the size of 
the opening, on the opening progressively smaller stocks will be more alert. Because brin line 
indicators began gradually become smaller on behalf of share price fall gradually become smaller, 
more empty power tend to be more consistent on both sides, stock prices will choose direction 
of breakthrough, and opening is smaller, the magnitude of the share price breakthrough. So 
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exactly how small is small, it can introduce the limit WIDTH index (WIDTH), it indicates that the 
brin line indicator index of opening size. Some software without this indicator, can through the 
following method: WIDTH = (brin ceiling - cloth forests limit)/brin average share price. In general 
limit width index of less than 10 stocks may occur at any time. However, limit the width index 
point will change with different stocks, so it's best to observe this year limit width index 
movements to determine limit width parameter values of the critical point. 
在选定布林线指标开口较小的股票后，先不要急于买进，因为布林线指标只告诉我们这些
股票随时会突破，但却没有告诉我们股价突破的方向，如果符合以下几个条件的股票向上
突破的可能性较大：
In selected brin line index after opening smaller stocks, don't rush to buy, because brin line 
indicator only told us that these stocks are subject to breakthrough, but it doesn't tell us the 
direction of the stock price breakthrough, if meet the following conditions of the stock up more 
likely to break through: 
一，上市公司的基本面要好，这样主力在拉抬时，才能吸引大量的跟风盘。
Better one, the fundamentals of listed companies, the main in the lift, can attract a lot of follow 
suit. 
二，在Ｋ线图上，股价最好站在２５０日、１２０日、６０日、３０日和１０日均线上。
Two, on the K line graph, shares the best stand in 250 days, 120 days, 60 days, 30, and 10 
average daily online. 
三，要看当前股价所处的位置，最好选择股价在相对底部的股票，对那些在高位横盘或上
升和下降途中横盘的股票要加倍小心。
Three, depends on the location of the current share price, the best choice in relative to the 
bottom of the stock share prices, for those who are in the high side or up and down on the way 
sideways stock to be doubly careful. 
四，指标Ｗ％Ｒ（１０）和Ｗ％Ｒ（３０）的值都大于５０；指标ＤＭＩ（１４）指标中
＋ＤＩ大于－ＤＩ，ＡＤＸ和ＡＤＸＲ均向上走。本人觉得最佳的买入时机是在股价放量
向上突破，布林线指标开口扩大后。
Four indexes W % R (10) and W (30) % R values are greater than 50; Indicator index of DMI (14) + 
DI than - DI, ADX and ADXR are going up. I think the best buying opportunity is in the stock price 
upward breakthrough, rare brin line index expanded. 
布林线指标本身没有提供明确的卖出讯号，但本人经过观察，可以利用股价跌破布林线股
价平均线作为卖出讯号。
Brin line index itself does not provide a clear sell signals, but I through the observation, can use 
the stock price fell below brin line stock averages as a sell signal. 
布林线的两大指标
Brin line of the two indicators 
布林线引申出了两大指标，即%b和带宽（band width）。
Brin line extended out of the two major indicators, namely % b and bandwidth (band width). 
%b主要是表示当前价格在布林线中的位置，它是进行交易决策时的关键性指标。%b指标
=收盘价-布林线下轨价格）/（布林线上轨价格-布林线下轨价格），当收盘价正好落在布林
线上轨线上时，%b的指标值等于 1；当收盘价正好落在布林线下轨线上时，%b的指标值
等于 0。由于价格可能超越至布林线区域之外，因此，%b的指标值没有上下限，如果价格
向上突破布林线上轨，落在上轨线上方，%b的指标值大于 1，反之，如果价格向下突破，
落在下轨线下方，%b的指标值小于 0。
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% b mainly said the current price position in brin line, it is the key index for trading decisions. 
Index = % b - brin line rail closing price)/(brin line rail prices - brin line rail), when closing price lies 
squarely on the brin line rail line, % b parameter values equal to 1; When closing price fell on the 
brin line rail line, % b parameter values equal to zero. Because prices could surpass to brin line 
area, therefore, % b no limit on the guideline values, if the price upward breakthrough brin line 
rail, fell on the rail line on the upper part, % b index greater than 1, on the contrary, if the price 
break down, fall in rail line, % b parameter values is less than 0. 
带宽是表明布林线的宽度，它是分析布林线收敛特性的重要指标，对我们分析市场趋势是
否确立或结束非常有用。ＷIＤＴＨ＝（布林上限值－布林下限值）／布林股价平均值。一
般来说极限宽指标小于１０的股票随时有可能发生突破。
Bandwidth was that Mr Brin line width, it is the analysis of characteristics of brin line 
convergence important index, analysis of market trend to us whether established or end is very 
useful. WIDTH = (brin ceiling - cloth forests limit)/brin average share price. In general limit width 
index of less than 10 stocks may occur at any time. 
布林线实战要点
Brin line of actual combat 
布林线指标给出的是一个指数或股价波动的上轨和下轨的区间,同时通过一条中线来配合对
趋势进行判断。虽然股价在"上轨"和"下轨"的波动带内变动,但这条波动带的宽窄却随着股
价波动幅度的大小而变化。股价变动幅度加大时,波动带会变宽；股价横盘整理时,波动带保
持不变或收窄。也就是说,布林线所给出的波动带的区间是随着股价的变化而不断进行相应
调整的。
Brin line indicator is given an index or share price volatility on the rail and rail under interval, at 
the same time through a Central Line to cooperate to determine trends. Although shares in "on 
track" and "lower" changes in the band, but the band width is changes with the size of the stock 
price volatility. Share price movements of, will get wide band; Shares of sideways, volatility is 
unchanged or narrow. That is to say, given the volatility of the belt by brin line interval is as the 
change of stock price and constantly adjust. 
在应用该指标时,重点在于波动带的变动和指数或股价对波动带的穿越。一般而言,当布林线
的波动带呈水平方向移动时,可以被视为目前的趋势以横盘运行为主,属于"常态的范围"。在
这种情况下,当股价向上穿越"上轨"时,将会形成短期的回档,可以看作是短线的卖出信号；股
价向下穿越"下轨"时,将会形成短期的反弹,此时则为短线的买进时机。但股指或股价经过一
段时间的横盘运行后,布林线的波动带区间有收窄迹象,即"上轨"和"下轨"相互靠拢时,则表示
将要开始出现变盘。此时若股价连续穿越"上轨",表示股价将朝上涨方向运行；而当股价连
续穿越"下轨",表示股价将朝下跌方向运行。
In the application of the index, the key is to change with the fluctuation and index or share price 
of the band through. In general, when brin line band in horizontal direction, can be seen as the 
current trend is given priority to with run sideways, belongs to the scope of "normal". In this case, 
when the stock price upward through "on track", will form a short-term retracement, can be 
seen as a short-term sell signal; Shares under the "track", will form a short-term rebound, for 
short term buying opportunity at this time. Stock or stock price after a period of a sideways after 
the operation, Mr Brin line there were signs of narrowing fluctuation with interval, namely "on 
track" and "lower" close to each other, said began to change. At this point if the share price 
continuously through "on track", says will run in the direction of the rising share prices; And 
when the share price continuously through the "lower", said the share price will run in the 
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direction of the fall. 
实际上,布林线对于波段操作的指导性较强。它在常态的情况下有通过上下轨的区间指明压
力支撑的功能,并在股价穿越该区域时指出是否处于超买超卖的状态。同时在趋势运行时,它
的作用也较为明显。一方面,在股指或股价形成突破之前,投资者可以通过观察波动带是否有
收窄迹象来提前作好准备。另一方面,在趋势将要结束时,投资者可以通过观察股价对波动带
中线的穿越,并结合波动带的变动来提前把握阶段性操作机会。尤其是在暴涨或暴跌的末期,
股价常常会冲出布林线的上轨或下轨。此时,若果断高抛逃顶或底吸进场,短线收益将十分可
观。
In fact, Mr Brin line for guiding strong band operation. It is through the top and bottom rail under 
the condition of the normal range of specified pressure support function, and points out that 
when shares across the region whether in overbought oversold condition. In the trend to run at 
the same time, its effect is more obvious. On the one hand, before the index or price 
breakthrough, investors sign if there is a narrow band can be observed to prepare in advance. At 
the end of the trend will, on the other hand, investors can through the observation of band 
across the midline, and combining the changes with the fluctuation to periodic operation chance 
in advance. Especially in the end of a boom or slump, share price is often out of the brin line on 
the rail track or next. At this point, if the decisive sell high suction in top or bottom, short-term 
gains will be considerable. 
不过对于经历了波动带持久收缩后刚刚在形态上有突破的个股,在股价变动的初期应用布林
线时要尽量避免短线操作。在上涨初期,由于在开始突破的前几个交易日内股价一般走势较
强,在触及布林线的上轨后,常常是以横盘强势整理来消化技术上的压力,或改为贴近布林线
上轨运行,而不出现回调,此时若在上轨附近卖出后,却不一定能够再有较好的价位回补,此时
很容易错过中线收益的机会。在下跌趋势刚开始时亦然,股价短时间经历急速跌穿下轨后,可
能改为缓跌或横盘修正,此时进场抢反弹却可能陷入被套的困境。不过上述两种情况下,布林
线可与 SAR停损指标配合使用,以达到取长补短,增加胜算的投资效果。
But for experienced after a prolonged contraction band just a breakthrough on the form of 
individual stocks, in the early stages of the share price movements, application to avoid short-
term brin line operation. At the beginning of the rise, because at the beginning of shares within a 
few days before the general trend is stronger, after touching brin line on the rail, is often strong 
sideways sorting technology to absorb pressure, or change to brin line rail operation press close 
to, but not for a correction, if at this point in the near the rail after selling, but not necessarily to 
have a better price to cover, this time it's easy to miss a chance of middle income. At the 
beginning of the downward trend, shares a short period of time after sharply below the rail, may 
have to slow down or sideways correction, at this time in steal rebound may fall into the 
predicament of the quilt cover. But the above two cases, brin line can be used with SAR stop-loss 
indicators, in order to complement each other, increase the odds of investment efficiency. 
BOLL指标应用技巧：
Among indicators application skills: 
1）、当价格运行在布林通道的中轨和上轨之间的区域时，只要不破中轨，说明市场处于多
头行情中，只考虑逢低买进，不考虑做空。
1), when the price run in brin channel rail and rail between regions, as long as you don't break in 
the rail, the market in bull market, only consider a bargain, not to consider shorting. 
2）、在中轨和下轨之间时，只要不破中轨，说明是空头市场，交易策略是逢高卖出，不考
虑买进。
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2), under the rail and rail, as long as you don't break in the rail, that is a bear market, trading 
strategy is to meet high sell, not to consider buying. 
3）、当市场价格沿着布林通道上轨运行时，说明市场是单边上涨行情，持有的多单要守住，
只要价格不脱离上轨区域就耐心持有。
3), when the market price along the runtime, brin channel rail is given to illustrate the unilateral 
market rally, held by a single keep more, as long as prices are not divorced from rail area on the 
patient. 
4）、沿着下轨运行时，说明市场目前为单边下跌行情，一般为一波快速下跌行情，持有的
空单，只要价格不脱离下轨区域就耐心持有。
4), runs along the rail, the market is for unilateral downtrend, generally for a rapid fall rally, held 
by the empty list, as long as prices are not out of the area under the rail is patience. 
5）、当价格运行在中轨区域时，说明市场目前为盘整震荡行情，对趋势交易者来说，这是
最容易赔钱的一种行情，应回避，空仓观望为上。
5), when the price in the rail operation area, now provides consolidation shocks that market, for 
trend traders, this is one of the most easy to lose money, should be avoided, shorts to wait and 
see. 
6）、布林通道的缩口状态。价格在中轨附近震荡，上下轨逐渐缩口，此是大行情来临的预
兆，应空仓观望，等待时机。
6), brin channel of reducing state. Prices near the rail, rail is reducing gradually from top to 
bottom, this is a harbinger of big market, should be the shorts, watching, waiting for the 
opportunity. 
7）、通道缩口后的突然扩张状态。意味着一波报发性行情来临，此后，行情很可能走单边，
可以积极调整建仓，顺势而为。
7), channel, after reducing the sudden expansion of state. Means that a wave of newspaper 
market coming, since then, the market is likely to take unilateral, can actively adjust their 
positions, for those routes. 
8）、当布林通道缩口后，在一波大行情来临之前，往往会出现假突破行情，这是主力的陷
阱，应提高警惕，可以通过调整仓位化解。
8), when the brin channel shrinkage, before a big rally came, tend to produce false breakthrough, 
this is the main trap, should be vigilant, can dissolve by adjusting the position. 
9）、布林通道的时间周期应以周线为主，在单边行情时，所持仓单已有高额利润，为防止
大的回调，可以参考日线布林通道的原则出局。
9), brin channel should give priority to with weekly time period, when the one-sided, warehouse 
receipt has been held by the high profits, to prevent big callback, you can refer to the daily brin 
channel out of principle. 
 
　　BOLL指标的实战技巧主要集中在 K线与 BOLL指标的上、中、下轨之间的关系及布林
线的开口和收口的状况等方面。由于在部分软件上 BOLL指标是在主图上，为了更准确的研
判行情，我们可以采用 BOLL指标和 TRIX指标相结合来研判行情。
Among indicators mainly concentrated in the K line and the actual combat skills among indicators, 
which the relationship between the rail and brin line opening and convergent condition, etc. 
Among indicators on the part of the software is on the main picture, in order to more accurate 
analysis, we can use among indicators and TRIX indicators with the combination of market. 
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（一）买卖信号
(a) to buy or sell signal 
1、当 K线带量向上突破布林线的上轨，并且 TRIX指标也已经发出底位“金叉”时，说明
市场即将进入一个中长期上升通道之中，这是 BOLL指标发出的买入信号。此时，投资者应
及时地做多。
1, when the amount of K line with upward breakthrough brin line on the rail, and TRIX indicators 
have also been issued at the end of a "cross of gold", suggests that the market is about to enter a 
long-term upward path, this is buy signals among indicators. At this point, investors should do 
more in a timely manner. 
2、当布林线轨道很长一段时间的底位窄幅水平运动后，一旦 K线向上突破布林线的上轨，
同时原本狭窄的布林线通道突然开口向上时，说明市场即将脱离原来的水平运行通道、进
入新的上升通道之中，这也是 BOLL指标发出的买入信号。
2, when brin line tracks for a long time at the end of a narrow horizontal motion, once the K line 
upward breakthrough brin line on the track, at the same time had suddenly narrow channel brin 
line up, that market is about to run out of the level of the original channel, into a new rising 
channel, which is buying signals among indicators. 
3、当 K线向下突破布林线的中轨，并且 TRIX指标也在已经发出高位“死叉”时，说明市
场即将进入一个中长期下降通道之中，这是 BOLL指标发出的卖出信号。此时，投资者应尽
早做空。
3, when K line break downward brin line of the rail, and TRIX indicators are also has a high "dead 
fork", suggests that the market is about to enter a long-term decline in the channel, it is to sell 
signals among indicators. At this point, investors should be shorted as early as possible. 
4、当布林线轨道很长一段时间的高位窄幅水平运动后，一旦 K线向下突破布林线的下轨，
同时原本狭窄的布林线通道突然开口向下时，说明市场即将脱离原来的水平运行通道、进
入新的下降通道之中，这也是 BOLL指标发出的卖出信号。
4, when brin line tracks for a long time of high narrow horizontal motion, once the K line break 
downward brin line under the rail, at the same time had suddenly narrow channel brin line down, 
that market is about to run out of the level of the original channel, falling into a new channel, it is 
also sell signals among indicators. 
（二）持多持空信号
(2) a more bearish signal 
1、当布林线开口向上后，只要 K线始终运行在布林线的中轨上方的时候，说明市场一直处
在一个中长期上升轨道之中，这是 BOLL指标发出的持多信号，如果 TRIX指标也是发出持
多信号时，这种信号更加准确。此时，投资者应坚决持多待涨。
1, when brin line after the opening up, as long as the K line always run in brin line at the top of 
the rail, shows that the market has been in a long-term rise in orbit, this is among indicators are 
more signals, if TRIX indicators also signal a more, the signal is more accurate. At this point, 
investors should firmly stay up. 
2、当布林线开口向下后，只要 K线始终运行在布林线的中轨下方的时候，说明市场一直处
在一个中长期下降轨道之中，这是 BOLL指标发出的持空信号，如果 TRIX指标也是发出持
空信号时，这种信号更加准确。此时，投资者应坚决持空。
2, when brin line going downwards, as long as the K line always run in brin line below the rail, 
shows that the market has been in a long drop, this is among indicators signal are empty, if the 
TRIX indicators also signal are empty, the signal is more accurate. At this point, investors should 
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firmly hold empty.