Name :
Example7 : BBO

Variables : name,type,value

Description :
Bollinger Band Oscillator - BBO 
  
 The Bollinger Band Oscillator is an oscillator based on the Bollinger bands. It represents the position of the last price between the bands. 
  
 The lower bollinger band is assigned 0, the higher one is assigned 100% and the moving average is assigned 50%. 
  
 It can be used as an oscillator, and divergences can lead to reversals.

Formula :
REM Calcul de l'oscillateur de Bollinger

diff = CLOSE - BOLLINGERDOWN
width = 4 * STD

BBO = diff * 100 / width

RETURN BBO AS "Bollinger Band Oscillator"


