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#1 Selling Amibroker Plugin featuring:
Bollinger Band Hook Up & Down by Jim Barone for Metastock
I use the following indicators to show the price reversal of Bollinger Band penetration
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Indicator / Formula
{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);0 comments
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