Bollinger Shifted bands

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"

//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)

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"

trend

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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Filename : download the ITF files

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