Bollinger Band % RSI for Amibroker (AFL)
jp_b4u over 8 years ago Amibroker (AFL)
Bollinger Band based RSI
Percent BB RSI
This indicator is based on bollinger bands of the RSI indicator. The plot is the percentage distance the RSI indicator is between the top and bottom bollinger bands.
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Indicator / Formula
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MA_20 = MA (C,20); //This is the middle line
periods = Param( "Periods", 14, 2, 200, 1 );
brsi =RSI(periods );
BBTop = BBandTop (brsi,20,2); //Upper Bollinger Band
BBBottom = BBandBot (brsi,20,2); //Lower Bollinger Band
PercentB = (brsi- BBBottom) / (BBTop - BBBottom); // Bollinger %B indicator Calculation
Plot( PercentB ," PercentB RSI ",colorGreen,styleThick);0 comments
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