Bollinger BandWidth in %
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I have observed a situation where the Bollinger BandWidth values in % for some assets are whole numbers (1%, 2%, 3%, 5%, 8%, 10% etc) in which case you can easily apply the squeeze estimate of 2% accordingly to John Bollinger. However values for some other assets are in fractions (0.01%, 0.007%,0.08%.0.6% etc ) here is very difficult to apply John Bollinger concepts.
May i know whether some assets and or some timeframes are exempt from John Bollinger bandwidth indicator as their as the difference in their upperbands and lowerbands may be in franctions?
Calculation of Bandwidth in %:
p = 20
upper = bollingerup[p]
lower = bollingerdown[p]
middle = average[p](Close)
BandwidthAbs= upper-lower
BandwidthCentage= (BandwidthAbs/middle)*100
Return BandwidthCentageAlso find attached on the charts what am presenting.
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