%B Bollinger
Bollinger oscillator
This is an extension of Bollinger bands. It shows the relative position of the closing price of the candle relative to the bands.
Zero value equals to a close on the lower bound. 50 value equals to a close on the Bollinger moving average. Finally, 100 value equals to a close on the upper bound.
This is an oscillator that provides overbought / oversold signals over 100 and under 0 levels. Divergences with price levels may be profited upon.
REM Calculation of Bollinger oscillator
delta = CLOSE - BOLLINGERDOWN
width = 4 * STD
BBO = delta * 100 / width
RETURN BBO AS"Bollinger Band Oscillator"
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i also have same question. pls advise on how can have Bollinger B%(50,3)?
Hi
I don't understand the maths of the width calculation in the above does it represent 2 above the average and 2 below the average. I was trying to amend the code for a 2.3 std but don't come up with the same answer as provided by %b in standard indicators. Can anyone help please?
For information I attach my attempt
// Bollinger Band Oscillator
delta = close-bollingerdown
width = 4.6*std
BBO = delta*100/width
RETURN BBO AS "bb Oscillator 2.3
Bonjour le %bollinger est protégé sur Prorealtime. Le code ci-dessus est paramétré par défaut à 20 périodes. Je souhaiterais le paramétré en 200 périodes. quel paramètre faudrait il mettre pour avoir le même que prorealtime en 200 périodes. Merci