%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

Iván Si lo descargas e importas en tu PRT verás que se han creado las variables para luego config...

WhyAskOZ Hi, Ivan As always you are doing great coding. The code works on my PRT, however the issu...

Iván You can delete in the last line (return) the configuration for color. Delete coloured(xx,xx,...

Iván Thank you very much!

Claudio Good morning Ivan. I try to use this indicator but I receive the automatic message on line 7...

Iván Hi Claudio The indicator works fine. Maybe you are with PRT11 instead PRT12?

Iván Gracias! Para el screener sólo tienes que copiar el indicador y poner como condición de búsq...

Lean Muchas gracias Iván, ya lo he podido crear.

bertoluce Hello Ivan, thank you very much for the indicator. An observation: would it be possible (and...

Doddge Hola Iván, ¿sería posible crear un screener que indique cuándo las velas coloreadas del indi...

RTR Ivan thank you for the pro-screener. I a trying to understand how to write the signals from ...

Iván Hi, Lines 62 and 63. These lines define buy and sell conditions.

Armand2020 Bonjour , super taf!! serait il possible de faire un poc dynamique en timeframe 5 min en mod...

philippe59139 voici ce qu'il faudrait faire ou ajouter: //poc dynamique defparam calculateonlastbars=1...

pouille Merci beaucoup vraiment beau boulot, j'adore je m'en sert régulièrement

oliTR Yes, I am sure it should work perfectly, but I found very strange vehavior like this one: ...

oliTR well, it seems that the issue came from my backTest period which was not long enough. sorry

oliTR Dear Ivan, why, in line 86, there is "currentsuperTrend[i]" and not "currentsuperTrend" only?

Iván Hi We could find stocks with sweep on: //PRC_Sweep Institucional //version = 0 //28.0...

inverse Like the way you think Ivan ... :)

ar Bonjour Ivan et merci pour ton partage, Est-il possible d'avoir ce code en ITF

Iván Hi You should delete from the indicator code all drawing functions and all variables not us...

Iván I've created a screener to show [longcondition or shortcondition]

Chrisinobi Hallo Ivan, Danke das ist Perfekt !! Kannst du bitte in der Screener-Bibliothek die itf. hoc...

Gio56 Super idée. j'ai juste un souci. j'ai pas de barre verte mais plusieurs lignes de couleurs.....

DeathMetal change line in histgram, (click on indicator name, click on tool (

Gio56 Super merci.

Razz Bonjour Je pense que votre indicateur est très bon. Serait-il possible d'afficher la heatma...

philippe59139 if marketEtHeamap=1 then drawtext("#touch#",barindex+10,checkprice,SansSerif,Standard,10) c...

philippe59139 voici pour toi RAZZ il te faut simplement ajouter les drawtext https://www.prorealcode.com...

MaoRai54 Thanks, now it's OK. in your first code at line 15-16 it's missing.

Madrosat Hello Ivan Did you try a strategy with this indicator

Iván Hi. No I didn't. This is a code translation requested by an user a few days ago.

Fgats https://www.prorealcode.com/topic/indicateur-3-sigma-documentation/ lien pour la documentat...

DELBERT Bonjour , merci pour le partage et la traduction , je vais essayer d'assimiler ce nouvelle i...

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