Stock Portfolio Organizer
The ultimate porfolio management solution.
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Bollinger Band Squeeze Highlighter and Exploration for Amibroker (AFL)
Highlights period when Bollinger Band is tightening, which in turn makes breakouts obvious to see. Also includes exploration to scan for stocks which bollinger band is tightening. Please note bollinger band does not indicate the direction of the potential forthcoming breakout, need in combination with other indicators to determine breakout direction.
Screenshots
Similar Indicators / Formulas
Indicator / Formula
Length = 14; Price = EMA(Close, Length); // Keltner kLength = Length; kN = 1.5; kATR = ATR(kLength); kUpper = Price + kN * kATR; kLower = Price - kN * kATR; // Bollinger bbLength = Length; bbN = 2; bbStDevValues = StDev(Close, bbLength); bbUpper = Price + bbN * bbStDevValues; bbLower = Price - bbN * bbStDevValues; IsBBSqueeze = bbUpper <= kUpper AND bbLower >= kLower; Proportion = (kUpper - kLower) / (bbUpper - bbLower); BBBreakout = Cross(1,Proportion); Periods = Param("BBPeriods", 14, 2, 300, 1 ); Width = Param("Width", 2, 0, 10, 0.05 ); Color = ParamColor("Color", colorCycle ); Style = ParamStyle("Style"); bbtop=BBandTop( C, Periods, Width ); bbbot=BBandBot( C, Periods, Width ); Plot(bbtop, "", Color, Style ); Plot(bbbot , "", Color, Style ); sqeezcolor=ColorRGB(194,220,218); PlotOHLC( bbtop,bbtop, bbbot,bbbot, "",IIf(IsBBSqueeze,colorYellow,colorWhite), styleCloud|styleNoRescale, Null, Null, Null, -1 ); Plot(Close,"Close",colorGreen,styleCandle); Filter = BBBreakout; AddColumn(BBBreakout, "BB Breakout", 1, colorWhite, IIf(BBBreakout==1, colorRed, colorWhite)); //set default sorting to Date/time in descending order in results window SetSortColumns(-2);
4 comments
Leave Comment
Please login here to leave a comment.
Back
Hi IG,
line 33 col128 error 16 too many arguments
can u help me out please
Ed
esy, sry not sure about the error. No errors for me running with latest version of AB.
esy ,
i think u have to wrap the code.
Very gud indicator