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I want to make a formula for the difference in width in bol bands to use as an indicator which I can also later use in an exploration
BB diff == BTM:=BBandBot(C,20,S,2) ; TOP:=BBandTop(C,20,S,2) ;
DIF:=TOP-BTM; dif
with different stock prices , a simple difference doesn't work and the "difference" needs to be expressed as a -- ratio-- %-- index -- a simple matter but I've forgotten how to make it work
I'd appreciate your assistance
thanks
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Originally Posted by: calisto77  I want to make a formula for the difference in width in bol bands to use as an indicator which I can also later use in an exploration
BB diff == BTM:=BBandBot(C,20,S,2) ; TOP:=BBandTop(C,20,S,2) ;
DIF:=TOP-BTM; dif
with different stock prices , a simple difference doesn't work and the "difference" needs to be expressed as a -- ratio-- %-- index -- a simple matter but I've forgotten how to make it work
I'd appreciate your assistance
thanks
Hi, There is a Bollinger percent B (%b) formula described on various sites that a web search can turn up which might be helpful. The indicator below follows their definition: Code:B:=(C-BBandBot(C,20,S,2))/(BBandTop(C,20,S,2) - BBandBot(C,20,S,2));
B
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Rank: Member
Groups: Registered, Registered Users, Subscribers
Joined: 5/14/2019(UTC)
Posts: 27
Was thanked: 1 time(s) in 1 post(s)
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thanks, I'll have a look at it
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