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Personally, I prefer to use something like this - much more informative
b=BBandTop(C,9,1.6)-BBandBot(C,9,1.6)/MA(C,9);
Plot(b,"Band Width",4,5);
GraphXSpace=5;
This is my setup for intraday trading - a longer view might use the more
conventional Bollinger setup of 20 day MA and 2 standard deviations for the
bandwidth
b=BBandTop(C,20,2)-BBandBot(C,20,2)/MA(C,20);
Plot(b,"Band Width",4,5);
GraphXSpace=5;
>Is it possible to make an histogram that measures the width of
>Bollinger Bands? (showing narrowing and widening of the BB)
>It should have two colors (for the direction of change).
>
>I saw it in a book and it could be a great indicator for
>confirmation of an entry.
>
>Some AFL specialist could help?
>Thanks
>Daniel
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