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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
JASmith's Bollinger bands width-ratio for Amibroker (AFL)
Plots ratio of width of bollinger bands to an MA with the same period. Very useful indicator of price volatility and trend. Low values indicate low absolute volatility. Sustained high values usually indicate a strong trend.
Similar Indicators / Formulas
Indicator / Formula
_SECTION_BEGIN("BB Width Ratio"); Price = ParamField("Price", 4); Periods = Param("Periods", 15, 2, 100, 1 ); Width = Param("Width", 2, 0, 10, 0.05 ); Color = ParamColor("Color", colorRed ); bbt = BBandTop( Price , Periods, Width ); bbb = BBandBot( Price , Periods, Width ); bbWidthRaio = (bbt-bbb)/MA(Price, Periods); Plot(EMA(bbWidthRaio,3), _DEFAULT_NAME(), colorRed); _SECTION_END();
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