Rank: Newbie
Groups: Registered, Registered Users
Joined: 3/8/2011(UTC)
Posts: 3
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I am a new user in Metastock.
I would like to write a formula to scan securities reaching the top and bottom of bolliger bands. Please help me.Thank you.
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
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Create an indicator with the upper and lower bands as variables:
a1:=BBandBot( , , , ) ;
a2:= BBandTop( , , , ) ;
Then use the Cross() function if you want to know if they cross Close or:
something like:
a3:=100*((a2-C)/(a2-a1));
a3
to plot where the close is relative to the band width.
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 3/8/2011(UTC)
Posts: 3
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There are many columns. Can you show what should I input in each columns?
Thank you.
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
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Copy this into a new indicator:
a1:=BBandBot(C,14,S,2);
a2:=BBandTop(C,14,S,2);
a3:=100*((C-a1)/(a2-a1));
a3;100;0
This indicator tells you where the close is relative to the upper and lower BB.
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