BB on MA - page 2

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whisperer:
How are you using it?

Maybe he is using it as a regular averages crosses (but I really don't know the details)

 

Hi mladen,

Thanks for your effort to help. But the bands is different compare the bands by applying manually.

Please advice.

Thanks and Regards,

anton

mladen:
anton here you go : bollinger_bands_of_ma_of_ma_1.01.mq4
 

Hi whisperer,

I will share how I use it, after the indi is correct as manually constructed.

Regards,

anton

whisperer:
How are you using it?
 

Anton, if you plot a sma 20 period and a bband of a sma 20 being that the bollinger band is based on a moving average the 20 period sma and the middle bband line will completely overlap each other. On your picture if your using a 20 period sma bollinger bands then the dark blue line must be a different type or period ma.

 
anton1:
Hi mladen,

Thanks for your effort to help. But the bands is different compare the bands by applying manually.

Please advice.

Thanks and Regards,

anton

anton

Bollinger band is calculated the following way :

1. first a moving average of a price is acalulated

2. a standard deviation of the price compared to that moving average is calculated

3. standard deviation is added and subtracted from the moving average and that way you get upper and lower band

Now, what is not correct?

If you use moving average instead of the "raw" price, just replace "price" with "moving average" in statements 1 and 2

regards

 

Hi mladen,

Thanks for your kind attention.

The difference is the bands of the BB.

Please check the attached charts to compare.

Regards,

anton

Files:
using_your_indi.png  43 kb
manual_plotting.png  44 kb
 
anton1:
Hi mladen,

Thanks for your kind attention.

The difference is the bands of the BB.

Please check the attached charts to compare.

Regards,

anton

Here is a version that will work like that : bollinger_bands_of_ma_of_ma_1.02.mq4

 
bingofx:
Isn't it a basic Bollinger bands template that has every MT4 terminal? Didn't notice any difference.

Actually it is not

The last uses moving average instead of price (basic BB uses only price or previous indicator value - in which case those are two indicators, not one)

 

Hi mladen,

Great. It works well.

BTW, what concept do you use the BB of ma of ma 1.01?

How does the calculation?

Thanks and Best Regards,

anton

mladen:
Here is a version that will work like that : bollinger_bands_of_ma_of_ma_1.02.mq4
 
anton1:
Hi mladen,

Great. It works well.

BTW, what concept do you use the BB of ma of ma 1.01?

How does the calculation?

Thanks and Best Regards,

anton

Same as the last one except the BB is applied to the ma of ma not just ma

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