I am sure Steve has done something better, but here is a simple (MetaStock) formula allowing you to draw Bollinger Bands as an oscillator: 100*(C-Mov(C,20,S)+2*Stdev(C,20))/(4*Stdev(C,20)) (Go Top) Bollinger Bands Formula 7 Day A Bollinger Band indicator consists of a middle band with two outer bands. The middle band is a simple moving average usually set at 20 periods. The outer bands are usually set 2 standard deviations above and below the middle band. {The upper band} upper:=2*Stdev( CLOSE,20 ) + Mov(CLOSE,20,SIMPLE); {The lower band} lower:=Mov(CLOSE,20,SIMPLE)-2*Stdev( CLOSE,20); {%b} percb:=(C-lower)/(upper-lower)*100; percb . Applying some math we can simplify the formula with the following result for the basic (MetaStock) formula for a Bollinger Bands %b indicator using closing prices and a simple moving average: {BB%b_C_S} percb:=(C+2*Stdev(C,20)-Mov(C,20,S))/(4*Stdev(C,20))*100; Bollinger Band Targets The indicators introduced in the article "Bollinger Band Targets", by Benjamin L. Cotton, are created in MetaStock 7.0 or higher with the use of the new MetaStock External Function (MSX) DLL Interface. Click here to download the formulas. Very Simple Bollinger Bands Formula (Formula Assistance) by GameTime 1/21/2011 11:45:37 PM(UTC) Discussions » Product and Service Development » Formula Assistance » bollinger bands formula Forum Jump Discussions Innovative Market Analysis - Forum Feedback - Online Help --- MetaStock FAQ --- MetaStock.com Website FAQ - Welcome! Bollinger Band Targets; BONUS ISSUE:Mutual Fund Screen; Boosting Profitability - the AIM Indicator; Breakout_Range2; Bridging the Gap, Linking Point & Figure and Bar Charts; Buff Up Your Moving Averages; Bull and Bear Balance Indicator; Candlestick Filtering; Coding Candlesticks (II) Confirming the Price Trend; Creating Multi-Colored Indicators The indicators introduced in the article "Bollinger Band Targets", by Benjamin L. Cotton, are created in MetaStock 7.0 or higher with the use of the new MetaStock External Function (MSX) DLL Interface. Click here to download the formulas. After downloading the exe file double-click it and the formulas will automatically be imported into MetaStock. After the import has finished the two indicators, StDevBogieTop and StDevBogieBottom, will appear in the Indicator QuickList.
Apr 09, 2010
Join John Bollinger, the creator of Bollinger Bands, to learn how he uses his Bollinger Band Tool Kit to find profitable trades on MetaStock. You will learn: May 15, 2013 Bollinger %b and Band Width. Bollinger %b is described by John Bollinger on his website.It indicates the position of Closing Price relative to Bollinger Bands® plotted at 2 standard deviations around a 20-Day simple moving average.Bollinger also describes a separate Band Width Indicator that reflects the width of the Bollinger Bands. May 07, 2020
Bollinger BandWidth is an indicator derived from Bollinger Bands.In his book, Bollinger on Bollinger Bands, John Bollinger refers to Bollinger BandWidth as one of two indicators that can be derived from Bollinger Bands (the other being %B). BandWidth measures the percentage difference between the upper band and the lower band.
Bollinger Band Tool Kit II for MetaStock Unleash the power of Bollinger Bands! This tool kit provides access to the indicators and tools that John Bollinger uses to trade and allows you to easily implement all the ideas from his book "Bollinger on Bollinger Bands" plus all his newest indicators. Bollinger Bands are a technical analysis tool, specifically they are a type of trading band or envelope. Trading bands and envelopes serve the same purpose, they provide relative definitions of high and low that can be used to create rigorous trading approaches, in pattern. recognition, and for much more. I searched in metastock where i found it, it is in the Equis - Bollinger Bands - Expert System. This is written as explanation: This system is patterned after the rules in an article written by John Bollinger in the February 1992 issue of Technical Analysis of Stocks and Commodities magazine. When Bollinger Bands (BB) fit inside the Keltner Channel (KC), a breakout is about to occur. It works on longer term charts, such as 15 minute to daily charts. This code creates an indicator that plots the ratio of BB width to KC width. When BB and KC widths are the same, the ratio (BBS_Ind)is equal to one (1).
Bollinger Band Confirmation: Bollinger Band Width 2: Bollinger Bands 2: Bollinger Optimised Synergy System: Brown's Indicator: buy exit signal: BUY SELL: chitag: Closing at end of week: Congestion Index: Contratrend Buy: count back line: count back line 2: Dahl Oscillator: Dahl Volume Trend: Dante: Dave's New System (DNS) deaddays: Denvelope
Apr 14, 2011 · This is a brief description of the Bollinger Band Toolkit Add-on for MetaStock. Bollinger band with entry signals and exploration - Largest database of free formulas, indicators, oscillators and trading systems for Amibroker (AFL), Metastock, eSignal (EFS), and NinjaTrader
Jun 03, 2020
Bollinger Bands are built into MetaStock™, however you may prefer to use the individual custom formulas. Bollinger Bands are envelopes which surround the price bars on a chart. Bollinger Bands are plotted two standard deviations away from a simple moving average. This is the primary difference between Bollinger Bands and envelopes. A Bollinger Band indicator consists of a middle band with two outer bands. The middle band is a simple moving average usually set at 20 periods. The outer bands are usually set 2 standard deviations above and below the middle band.