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Re: [amibroker] ??



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Hi,
 
 
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Hi Tomasz hope you had am enjoyable trip 

 
Thanks, yes I did.
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this is a snip of code from your coding 
candlesticks afl
I guess it measures the body of a 
candle
could you please explain how this works in simple 
english
BBandBot( Body,55,0.5); 
ThBotB =BBandBot( Body,55,0.5); 
 
BBandBot function calculates lower (bottom) 
bollinger band from
array specified as a first argument.
Bottom bollinger band is calculated as 

moving_average( period ) - width * 
standard_deviation( period )
 
The author of original article Mr. Likhovidov 
uses this formula 
to calculate average candle body 
weight.
 
Best regards,
Tomasz Janeczko
 



  • References:
    • ??
      • From: David Holzgrefe