%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

cedwimmer Hab es schon gefunden vielen Dank!:)

guidocir Hello Nicolas, I imported your code, but it doesn't draw many boxes, but just a single one...

Nicolas It depends of your settings. Try to reduce the box size or to expand the units displayed.

gabri Great job. If you divide the numerator by xEMA and not Close you obtain the Disparity Index ...

AnamaTrader ah, great, was just looking for something similar. will try this. I have also been consideri...

Sofitech Bonjour. J'aimerais savoir s'il est possible de "truquer" un peu l'indicateur pour qu'il don...

Maz I actually like this very simple idea. It can also be useful for market micro-structure syst...

Nicolas Thanks Maz, I'll have a look tomorrow.

Nicolas Why not, but a stock screener for what conditions?

Dimi.A Whenever the yellow CCI line goes "outside" the bands. Which will alert us of possible rever...

Nicolas ok why not, please add a request in the appropriate forum section, many thanks.

Derek In line 10 there is a value missing for the calculation. You can cross check it here on page...

Coldtrade Hello. I'm new to programming and don't understand the algebraic meaning of the formula: Va...

Derek You are right, There is something odd with this line of code. It should be A = B + n * A[1...

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