calculating the etality of the Bollinger band

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  • #248901 quote
    juld63
    Participant
    New

    Hi everyone, I want to be able to determine whether the lower BB at [0] is either:

    • going up from lower than close/10000 and reaching a local max at [0];
    • going down from a local max (itself defined by having come up from a preceding low lower than close/10000 relative to that local max)  but not too much (less than close/500);
    • going down from a local max   by more  than close/500.

    I’ve tried to write it that way bbut it always gives 0 as a result. Even if I pu in the FOR loop a condition that is always verified e.g. b=b it still gives me 0. Any idea what is missing ? Thanks !

    PN= close/10000
    //bollinger
    a = Average[200](Close)
    // On définit l'écart-type
    StdDeviation = STD[200](Close)
    Bsup2 = a + 2 * StdDeviation
    Binf2 = a - 2 * StdDeviation
    Bsup15 = a + 1.5 * StdDeviation
    Binf15 = a - 1.5 * StdDeviation
    
    etalite=0
    FOR b=1 to b=500 DO
    IF (Highest[b](Binf15)-Binf15[0]>=PN AND Highest[b](Binf15)-Binf15[b]<PN) OR (Highest[b](Binf15)-Binf15[0]<PN AND Binf15[0]-Binf15[b]<PN) THEN
    continue
    ELSIF (Highest[b](Binf15)-Binf15[b]>=PN AND Highest[b](Binf15)-Binf15[0]<20*PN) OR (Highest[b](Binf15)=Binf15[0] AND Binf15[0]-Binf15[b]>=PN) THEN
    etalite=1
    break
    ELSIF Highest[b](Binf15)-Binf15[b]>=PN AND Highest[b](Binf15)-Binf15[0]>=20*PN THEN
    etalite=0
    break
    ENDIF
    NEXT
    
    RETURN etalite
    
    #248931 quote
    robertogozzi
    Moderator
    Master

    Line 12 should read:

    FOR b=1 to 500 DO

    as it is now, its meaning is a boolean comparison, because it will check if b=500, which is always false because it starts from 1 which is different from 500, unless it’s the very last iteration to which it seems to never arrive as it always breaks earlier.

    As to the rest of the code I can’t exactly understand what you want to do.

    Iván González thanked this post
    #248932 quote
    juld63
    Participant
    New

    Thanks, I realized just 10 minutes ago that this was the mistake! I new it had to be something super basic because nothing worked. Good catch!

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calculating the etality of the Bollinger band


Platform Support: Charts, Data & Broker Setup

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This topic contains 2 replies,
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Forum: Platform Support: Charts, Data & Broker Setup
Language: English
Started: 07/16/2025
Status: Active
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