%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"

REM Calculation of Bollinger oscillator

delta = CLOSE - BOLLINGERDOWN

width = 4 * STD

BBO = delta * 100 / width

RETURN BBO AS"Bollinger Band Oscillator"

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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Dymjohn • 10/12/2015 #
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

PEDRAM.JOKAR • 10/12/2015 #
i also have same question. pls advise on how can have Bollinger B%(50,3)?

Laurent • 10/12/2015 #
Hi Nicolas
There’s a problem to download file (400 Bad Request)
Thanks for the indicator and have a nice day
- Nicolas • 10/12/2015 #
  Hi, I fixed this issue. You can now download the file without any error.

Laurent • 10/12/2015 #
Thanks a lot

oraclus • 10/12/2015 #
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
- Nicolas • 10/12/2015 #
  Le code dans ce post répond à cette demande d’adaptation de la période du %Bollinger: https://www.prorealcode.com/topic/bollinger-b/#post-41519

Violet Nicolas, you calculate iRSI, but don't use it. You show RSI in the returned values, which, a...

Nicolas Yes, that's an error. RSI instruction is set by default to 14 if you don't indicate it that'...

YvesRobert Bonjour Nicolas, en effet ca marche, je me suis trompé, j'ai bien tout le tracé. C'est parce...

oliTR Bonjour, les conditions longCond et shortCond ne contiennent-elles pas une condition qui s'a...

xpe74 Utilitaire vraiment top, d'autant qu'ajouter des filtres de seuil peux aider a limiter le no...

Alfy No, the dots only show the compression of the volatility. There are 3 levels of "squeeze" wh...

ted.hulsman Hi Alfy, I'm trying to understand your indicator, so I made the Bollinger Bands and the Kelt...

davep007 I see White, Green and Red dots. I do not see Blue dots. Thanks :O)

Chrisinobi Hallo John, dein Indikator gefällt mir wirklich gut, kannst du ein Alarm mit einarbeiten auf...

JohnScher For a long time now, however, I have been involved only now and then with with popgun indica...

effegi A good alternative solution, even I had thought of the variant that uses high and low (proba...

Seb did you automate that 1-2-3 strategy? how is that working for you?

effegi Not yet, I'm busy developing other strategies/indicators at the moment, but it's on my to-do...

larouedegann Amélioration du code ............................... Je trouvais assez frustrant d'attendre...

larouedegann if TIME=081500 then valeurhaute= highest[1](high) valeurbasse= lowest[1](low) milieu = v...

magnus59 Hi Nicolas, thaks for your great work here, I need a scanner for the swedish OMX when ma...

Nicolas Yes, sure please open a new topic in the ProScreener forum section, thank you.

paullyons Hello! Thanks for post your indicators. I'd like you to let me know how to draw lines for ...

DELBERT Bonjour , Nicolas , je voudrais installer cet indicateur sur ma PRT , version 10.3 , mais je...

Nicolas En effet, il faut à minima une version 11. La 10.3 est tellement ancienne maintenant.. Je pe...

DELBERT Bonjour , Nicolas , merci pour ta réponse , je fais un essai et je verrais . Salutations .

Rafa Hi Nicolas! I can´t install this indicator. it installs in a separate window not as an av...

Nicolas Add it on the price, see how: https://www.prorealcode.com/blog/video-tutorials/how-to-add-an...

Frankyslo1 No consigo instalarlo en el precio en PRL-version 10

jonpt88 This is great! Such a job you did!. I do not really understand though how it works.

Bruno Carnazzi Thank you, I've just realized that all links are missing in the description. You can find th...

gaby IDE merci beaucoup, je l'ai mais il se place en bas avec le rsi, comment le placer au dessus sur...

Dron Gracias

Fpal Hello, thanks very much for your work. I am trying to flag when the close price is i...

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