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Hello,
use the %b formula:
%b=(price-lower BB)/(upper BB-lower BB),
it evaluates where price is within the BBs and returns a number
between 0 and 1.If price moves outside the bands %b will be just
below 0 or just above 1. Plot it as an indicator and see.
Johan
--- In amibroker@xxxxxxxxxxxxxxx, "Werner" <WKRAG@xxxx> wrote:
> Good day,
>
> one way to find candidates is the idea tu buy them NEAR the LOWER
> BOLLINGER BAND. You will not find many stocks if you say "equal
Lower
> Bollinger". Thus the idea of NEAR. I was trying to code this but
ran
> into trouble. In plain English:
>
> BUY if the current stock is NEAR the Lower Bollinger Band(20 days).
>
> I know I have to define NEAR. NEAR could be around 1%. Lower
> Bollinger and Close not further apart than 1% of the stock Price.
>
> Thanks for some help.
>
> Werner
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