Metatrader documentation: Bollinger Bands
Wikipedia: Bollinger Bands
Search CodeBase for the source code.
- www.metatrader5.com
Not just
Got it.
whroeder1, I was lead to believe that MFI was also some how involved.
FYI: I like PDF's, not Wikipedia
Not just
Band_Mode = iBands(NULL,Timeframe,period,Deviation,0,PRICE_CLOSE,MODE_MAIN,0); Band_High = iBands(NULL,Timeframe,period,Deviation,0,PRICE_CLOSE,MODE_UPPER,0); Band_Low = iBands(NULL,Timeframe,period,Deviation,0,PRICE_CLOSE,MODE_LOWER,0); Percent = Band_High-Band_Low; Result = Percent/Band_Mode;still work in progress.
What is your question exactly?
BB midline is moving average, and distance from midline to upper and lower lines is equal to a standard deviation multiplied by some coefficient. That's the math formula behind BB construction. Nothing special.
If you are looking for a BB trading strategy, a simple search will return dozens.
still work in progress.
Bollinger is simply this :
- SMA for middle value
- SMA + bands multiplier * standard deviation (upper band)
- SMA - bands multiplier * standard deviation (lower band)
Bollinger is simply this :
- SMA for middle value
- SMA + bands multiplier * standard deviation (upper band)
- SMA - bands multiplier * standard deviation (lower band)
SMA and MODE_MAIN look the same. Can you please explain your simplified basis?
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Hello everyone,
I am trying to figure out how exactly this indicator works. It appears to deal with UPPER and LOWER values.