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Better Bollinger Bands for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker, bands
In the Futures Magazine, October 1998, Dennis McNicholl describesthe use of Bollinger Bands and provides a means of making them tighter whenmarkets are trending. He calls them Better Bollinger Bands.
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 | pds=Param("Periods",20,2,200);sd=Param("Standard Deviations",2, 0.01,10);alpha=2/(pds+1);mt=AMA( C, alpha );ut=AMA( mt, alpha );dt=((2-alpha)*mt-ut)/(1-alpha);mt2=AMA(abs(C-dt), alpha );ut2=AMA(mt2,alpha );dt2=((2-alpha)*mt2-ut2)/(1-alpha);but=dt+sd*dt2;blt=dt-sd*dt2;Plot( C, "Price", colorBlack, styleCandle );Plot( but, "Upper band", colorRed );Plot( blt, "Lower band", colorRed ); |
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