%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

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Nicolas ok.

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thomas2004ch Hi Nicolas, >>This indicator code is not the one of the MACD divergence indicator a...

thomas2004ch I think I've found it. My questions: 1. Do you have the source code? 2. The following ...

Nicolas Hi, I'm not the author of this indicator. The MACD divergence source code of the one embedd...

s00071609 Hi, could you please suggest, what this codes gives, lowest[b](rsi[a]) -- just trying to us...

Nicolas lowest[b](rsi[a]) returns the lowest values of the RSI of "a" periods, over the last "b" per...

s00071609 Hi, what would be the code to get the price for last bullish DTOSC cross over. I am looking ...

xel @DerPat - I don't see any question regarding the indicator. Anyway, I think I give enough l...

diegofe_2000 Xel, tu eres el creador de este indicador? Bueno te cuento que es muy bueno para hacer est...

xel Buen día @diegofe_2000 - Claro, mandalo y por aquí lo probamos en otros instrumentos y si g...

Doctrading I forgot to write at the beginning : a = 50 b = 50 These are intermediate levels Sorry

DerPat Thank you. This one could be an aid in my current research on stochastics.

Pelayo it is possible that in line 12 we should put seuilinf=-b, thaks for all

Nicolas Thank you Pere!

M.Nicolas 81 Hola Nicolas. ¿Existe la posibilidad de que este indicador se muestre también en el históri...

Nicolas That would be possible to be coded using MTF indicator in PRT v11.

stevzor Hi - bit of an old post but hopefully you see my comment lol. I'm trying to add this Wil...

Nicolas Add it on the price by using the wrench on the left upper side of the price chart.

withoutwings Hi All, I've made some fixes & upgrades so that this single script can either used as...

Nicolas Why are you asking this question there? (and in other places in the forums that don't have a...

Brisvegas Nice code Nicholas and well done on writing it but in my opinion and mine only pivot points ...

Nicolas Thanks for the input and your opinion, but IMO, the pivot points are ones of the best suppor...

Nicolas This indicator rank the actual ATR to its recent statistical values. So you can have a bette...

Brisvegas Thanks Nicolas , very handy tool , I have added variables to look back period and ATR perio...

rufus.round How easy is it to remove the overnight intraday bars from the calculation?

supertiti Hola Angel Las funciones backgroundcolor etc etc no funcionan con la version 10.2. Para sa...

AngelPujalt ok

Lotech123 It may be a little late in the day, but having only just discovered this utility, I have mes...

Nicolas Exit and relaunch PRT should fix this behavior.

verdi55 Thank you. After a restart, it is somewhat faster; however, it still takes about 3 minutes t...

Nicolas Good! thanks for sharing your own code! Please do so with other ones if you think you can im...

Toto8 Hello, When I use the code above with no change at all, I get an error message stating that...

fabien philipp Hi, I have the same message error by importing the itf file, or by copying and pasting the ...

Manu L. Idem

mcha bonjour, merci pour cet échange mais il me semble que ce twist des SSA et SSB serait plus ...

Pasq Concernant la remarque précédente, il est possible de remplacer les 2 lignes de code de cett...

Nicolas Merci Pasq. On peut retrouver ce code corrigé sur le forum, je viens d'en retrouver un exemp...

tahar Bonjour, je travaille sur un ecran noir et les bougies sont extremement palotes, on distingu...

Alai-n Voir Echantillons de Couleurs RVB : https://www.prorealcode.com/documentation/category/instr...

Guillaume34 Bonjour, quelqu'un à t'il réalisé ce code à l'identique mais pas dans une fenêtre sous le gr...

Nicolas Use Highs and Lows instead

Doctrading This new code with highs and lows seems to work : boxSize = 20 // On aime bien que...

DonDollar Gentlemen, just a quick question. When I am adding this column to my code, PRT shows an err...

rajiwas Hello Nicolas, With Daily Pivot, it easy for me to show current day pivot e.g. if Date = T...

Nicolas You'll find many other pivots points indicators in the library, just use the search box of t...

rajiwas Thanks for the suggestion.

supertiti Pour Nicolas Ne peux t'on pas ajouter un bouton pour illustrer une suggestion par un graph...

Lyny @supertiti, can you translate your code into English version PRT ? I copy and paste your cod...

zen83 The bands 30 and 70 can also be added as supra-sold / super-purchased // RSI with volatile s...

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