Bollinger Shifted bands
March 3, 2016, 1:01 PM
Indicators
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This indicator is a bollinger bands shifted in time to act as a support / resistance cloud and trend detector.
//p=34
//factor=0.89
//s=8
//t=MM type
co=customclose
av=average[p,t](co)
som=0
for i=0 to p-1 do
som = som + SQUARE( close[i]-av)
next
som=som / p
ecart = SQRT(som)
bas3 = av - factor*ecart
haut3= av + factor*ecart
return bas3[s] AS "Bollinger Upper",haut3[s] AS "Bollinger Lower"
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Filename:
Bollinger-Shift.itf
Downloads:
137
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