mntiwana wrote: Thu Feb 23, 2017 1:23 am BB price on channel indicator here
bb price on channel

mrtools wrote: Tue Feb 28, 2017 1:08 pm

Indicator done by Mladen awhile back, still working today even though mt4 has changed a lot.

mrtools wrote: Thu Mar 09, 2017 12:20 pm

Better bollinger bands % b smoothed.

Introduction

%B quantifies a security's price relative to the upper and lower Bollinger Band.

There are six basic relationship levels:

• %B equals 1 when price is at the upper band
• %B equals 0 when price is at the lower band
• %B is above 1 when price is above the upper band
• %B is below 0 when price is below the lower band
• %B is above .50 when price is above the middle band (20-day SMA)
• %B is below .50 when price is below the middle band (20-day SMA)

Calculation 

%B = (Price - Lower Band)/(Upper Band - Lower Band) 

The default setting for %B is based on the default setting for Bollinger Bands (20,2).
The bands are set 2 standard deviations above and below the 20-day simple moving average, which is also the middle band. Security price is the close or the last trade.

%B quantifies the relationship between price and Bollinger Bands.

• Readings above .80 indicate that price is near the upper band.
• Readings below .20 indicate that price is near the lower band.

Surges towards the upper band show strength, but can sometimes be interpreted as overbought. Plunges to the lower band show weakness, but can sometimes be interpreted as oversold. A lot depends on the underlying trend and other indicators. While %B can have some value on its own, it is best when used in conjunction with other indicators or price analysis. 

The default parameters (20,2) are based on the default parameters for Bollinger Bands. These can be changed accordingly. 20 represents the simple moving average. 2 represents the number of standard deviations for the upper and lower band. %B can be positioned above, below or behind the price plot.
 
Better bollinger bands are different in calculation but the %b calculation is the same.

mrtools wrote: Thu Apr 20, 2017 11:14 am Smoothing The Bollinger %b

Bollinger bands were developed by John Bollinger and it consists of 3 lines derived from the moving average and standard deviation of closing price.

Sylvain Vervoort, a Belgium based retired electronics engineer who has been using technical analysis for more than 30 years, came out with an indicator SVE_BB that takes the Bollinger band and converts it to an oscillator that range between 0 and 100 (with overshoots).

The Metastock formula for SVE_BB is:

period:= Input("%b period:",1,100,18);
TeAv:= Input("Tema average:",1,30,8);
haOpen:= (Ref((O+H+L+C)/4,-1) + PREV)/2;
haC:= ((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4;
TMA1:= Tema(haC,TeAv);
TMA2:= Tema(TMA1,TeAv);
Diff:= TMA1-TMA2;
ZLHA:= TMA1+Diff;
percb:= (Tema(ZLHA,TeAv)+2*Stdev(Tema(ZLHA,TeAv),period)-Mov(Tema(ZLHA,TeAv),period,WEIGHTED))/(4*Stdev(Tema(ZLHA,TeAv),period))*100;
percb;

This indicator is often a leading indicator with smooth and clear turning points. Bullish and bearish divergent signal is helpful in identifying entry and exit points.

This is a version by Mladen, and a pdf explaining more about it.

tampa wrote: Tue Apr 25, 2017 12:25 am

mrtools wrote: Sat Apr 15, 2017 1:46 am There was a problem with the bar colors in the last version this version should correct that.

mntiwana wrote: Sat Jun 10, 2017 7:17 pm Squeeze Channel Bars
A lot of bar and bands formation options including unique ID and alerts

Jimmy wrote: Thu Sep 28, 2017 3:24 pm Bollinger Bands Oscillator with MTF from the old Forex-TSD days. This one's too good to not be shared here

mrtools wrote: Tue Dec 26, 2017 2:53 am Fixed the possible repainting and added mtf.