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Bollinger %B for Amibroker (AFL)

Rating:
3 / 5 (Votes 2)
Tags:
amibroker, bands

As reported in S&C magazine of May 2010.

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Indicator / Formula

Copy & Paste Friendly
period = Param( "%b period", 18, 1, 100 ); 
TeAv = Param( "TEMA average", 8, 1, 30 ); 
afwh = Param( "Standard deviation High", 1.6, 0.1, 5 ); 
afwl = Param( "Standard deviation Low", 1.6, 0.1, 5 ); 
afwper = Param( "Standard deviation period", 63, 1, 200 ); 

price = (O+H+L+C)/4; 
HaOpen = AMA( Ref( price, -1 ), 0.5 ); 
haC = ( price + haOpen + Max( H, haOpen ) + Min( L, haOpen ) ) / 4; 

TMA1 = TEMA( haC, TeAv ); 
TMA2 = TEMA( TMA1, TeAv ); 
Diff = TMA1 - TMA2; 
ZlHA = TMA1 + Diff; 

ztema = TEMA( ZLHA, TeAv ); 
stdztema = StDev( ztema, period ); 

percb = ( ztema + 2 * stdztema - WMA( ztema, period ) ) / ( 4 * stdztema ) * 100; 
Plot( percb, "PercB", colorBlue ); 
Plot( 50 + afwh*StDev( percb, afwper ) , "Upper", colorRed, styleDashed ); 
Plot( 50 - afwl*StDev( percb, afwper ) , "Lower", colorRed, styleDashed ); 

3 comments

1. gajananprofits@yahoo.co.in

excellent as a RSI divergence. Fantastic

2. aseemmv23

can u pls add the color change function when the oscillator hit the upper and lower band for AFL

3. niladri

Source: http://traders.com/Documentation/FEEDbk_docs/2010/05/TradersTips.html#TT4

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