Re: Bollinger Band type indicators for MT4

583
I surfed around and found a good formula to find a Bollinger Band Squeeze.
We already have a Bollinger Band Squeeze indicator but still,
more is better.

Code: Select all

https://school.stockcharts.com/doku.php?id=trading_strategies:bollinger_band_squeeze
Bollinger Band Squeeze
This scan divides the difference between the upper band and the lower band by the closing price, which shows BandWidth as a percentage of price. In general, BandWidth is narrow when it is less than 4% of price. Chartists can use higher levels to generate more results or lower levels to generate fewer results.

[type = stock]
and [country = us]
and [daily sma(20,daily volume) > 100000]
and [daily sma(60,daily close) > 20]
and [[[Upper BB (20,2) - Lower BB (20,2)] / Close ] < .04]




Who is online

Users browsing this forum: Google [Bot], horizon202, lukgoku, ssscary, Xxcoincoin and 81 guests