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Bollinger Band % RSI for Amibroker (AFL)
jp_b4u
about 2 years ago
Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker

Bollinger Band based RSI

Percent BB RSI

This indicator is based on bollinger bands of the RSI indicator. The plot is the percentage distance the RSI indicator is between the top and bottom bollinger bands.

Screenshots

Indicator / Formula

Copy & Paste Friendly
MA_20 = MA (C,20);   		//This is the middle line
periods = Param( "Periods", 14, 2, 200, 1 );
brsi	=RSI(periods );
BBTop = BBandTop (brsi,20,2);	//Upper Bollinger Band 
BBBottom = BBandBot (brsi,20,2);	//Lower Bollinger  Band 
PercentB = (brsi- BBBottom) / (BBTop - BBBottom);  // Bollinger %B indicator Calculation
Plot( PercentB ," PercentB RSI ",colorGreen,styleThick);

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