BB·MA Quarterly: Bollinger Bands + MA High/Low with Quarterly Theory Time Cycles BB·MA Quarterly combines two ways of reading the market on one chart. Bollinger Bands with MA High/Low show volatility and momentum. Quarterly Theory time cycles show when the market tends to accumulate, manipulate, distribute and reverse. You can see where price is in its setup and where it is in time. BB + MA layer Bollinger Bands (20, 2), MA5/MA10 High and Low (LWMA), and EMA50 Extreme signal: MA5/MA10 moves