%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

GraHal Yes sorry, I set up a link to a screen shot on my google drive and then I got locked into th...

gabri Here's the thread https://www.prorealcode.com/topic/multiframe-rsi-of-rsi/

Bernard13 Bonjour Nicolas, Pourriez-vous m'indiquer si cet indicateur fonctionne avec la V11 ? Le di...

KarlBenjamin This "indicator" alone has completely changed my algorithms for the better! Id even go as fa...

ashee CAN YOU SHARE MT4 FILE

coyP Big thanks ! Can you explain me how can I put this ON my graph and not under the graph please ?

@Dazzle101 Sorry, Line 139 should say; RETURN ind1 COLOURED(0, 0, 200) AS "Pocket Pivot" When posted...

@Dazzle101 Update Code More accurate signals // ---------------------------------- // The Po...

TheN00b Hi, is there Crypto Version, forex version? thank you

HeikinAshi Do you have an update of this indicator since you've created them, or is this still the actu...

mcha Thank you for this work. Do you try to transform/put this indicator on candlesticks and is ...

Gianluca Hello there is a new version, is it possible to translate it? https://www.tradingview.com...

christophe11560 bonjour, PRT me demande de réduire la période d'adaptive cyber Cycle suite à de fort ralent...

Pietro Fontana christophe11560, i've coded this a long time ago for a different version of the PRT, i'm not...

Jean-Pierre Poulain When I buy and when I sell ?

Nicolas The featured image of the post do not deserve the indicator you are right, I attached other ...

Nicolas It is described in the post already :) The BUY/SELL signals are quite similar of what you ca...

diegofe_2000 cordial saludo NICOLAS , gracias por excelente indicador. ¿ es posible obtenerlo en MT4 ? ...

Nicolas Lo siento, pero no estoy trabajando para ayudar a la gente aquí de forma gratuita para promo...

diegofe_2000 Nicolas , gracias por tu atención. La pregunta era por curiosidad (yo no trabajo ni manejo ...

Nicolas We do not offer free assistance for TOS. However, you can send demand for private paid codin...

phanz Hi community. May I know how you use this indicator please? Is it on the zero cross over? ...

sydney43025 Hello, I'm digging up this topic because I uploaded the code on a PRT v11.1 but the indicato...

Nicolas in order to use renko bricks in a trading strategy or in a screener, I would recommenced thi...

pp_playaflamenca I understand. I visited the page https://market.prorealcode.com/product/prt-renko/ Actua...

Nicolas renko bricks are not repainting, they are using the price movement in their definition. But ...

finplus Thanks for the job. Which variables do you suggest for timeframe 1 hour?

Maz Depends massively on your market and the volatility. I suggest using the variable optimizer ...

1Randy This a great momentum filter! I would like to see volume momentum incorporated into the indi...

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