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Bollinger Band Hook Up & Down by Jim Barone for Metastock
maestro
over 9 years ago
Metastock

Rating:
0 / 5 (Votes 0)
Tags:
metastock, oscillator

I use the following indicators to show the price reversal of Bollinger Band penetration

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Files

Indicator / Formula

Copy & Paste Friendly
{Upper BB Hook Down}
UpperBB:= Mov(C,20,S) + (2*(Std(C,20)));
C < UpperBB AND Ref(C,-1) > Ref(UpperBB,-1);

{ Lower BB Hook Up}
LowerBB:= Mov(C,20,S) - (2*(Std(C,20)));
C > LowerBB AND Ref(C,-1) < Ref(LowerBB,-1);

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