RE: [amibroker] Better Bollinger Bands

[Ken Close <ken45140@xxxxxxxxx>]

So what makes these better bollinger bands better than standard?  They look "tighter" to me, but I have not done any comparative studies.

 

Anyone?

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From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of Tomasz Janeczko
Sent: Sunday, February 15, 2009 3:53 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] Better Bollinger Bands



Hello,

 

Replace lines like that:

 

mt = alpha*C+(1-alpha)*(if(Cum(1)<pds,C,PREV));

 

with AFL equivalent (simpler):

 

mt = AMA( C, alpha );

 

Any other statement involving PREV the same way.

 

Final result:

 

pds=Param("Periods",20,2,200);
sd=Param("Standard Deviations",2, 0.01,10);
alpha=2/(pds+1);
mt=AMA( C, alpha );
ut=AMA( mt, alpha );
dt=((2-alpha)*mt-ut)/(1-alpha);
mt2=AMA(abs(C-dt), alpha );
ut2=AMA(mt2,alpha );
dt2=((2-alpha)*mt2-ut2)/(1-alpha);
but=dt+sd*dt2;
blt=dt-sd*dt2;

Plot( C, "Price", colorBlack, styleCandle );
Plot( but, "Upper band", colorRed );
Plot( blt, "Lower band", colorRed );

 

Best regards,
Tomasz Janeczko
amibroker.com

----- Original Message -----

From: mohany1@xxxxxxxxxxx

To: amibroker@xxxxxxxxxxxxxxx

Cc: amibroker@xxxxxxxxxxxxxxx ; amibroker@xxxxxxxxxxxxxxx

Sent: Sunday, February 15, 2009 3:37 AM

Subject: [amibroker] Better Bollinger Bands

Someone was asking for this afl. I got around to translating. Enjoy.

Now, if only someone can teach me , really how to make money !!!

/*

Better Bollinger Bands I

pds:=Input("Periods",2,200,20);

sd:=Input("Standard Deviations",.01,10,2);

alpha:=2/(pds+1);

mt:=alpha*C+(1-alpha)*(if(Cum(1)<pds,C,PREV));

ut:=alpha*mt+(1-alpha)*(if(Cum(1)<pds,C,PREV));

dt:=((2-alpha)*mt-ut)/(1-alpha);

mt2:=alpha*abs(C-dt)+(1-alpha)*PREV;

ut2:=alpha*mt2+(1-alpha)*PREV;

dt2:=((2-alpha)*mt2-ut2)/(1-alpha);

but:=dt+sd*dt2;

blt:=dt-sd*dt2;

dt;

but;

blt

//------------  easy language -----------

inputs:

lookback(20),

mult(2);

vars:

alpha(0),

mt(0),

ut(0),

dt(0),

mt2(0),

ut2(0),

dt2(0),

but(0),

blt(0);

alpha = 2 / (lookback + 1);

mt = alpha * close + (1 - alpha) * mt;

ut = alpha * mt + (1 - alpha) * ut;

dt = ((2 - alpha) * mt - ut) / (1 - alpha);

mt2 = alpha * absvalue(close - dt) + (1 - alpha) * mt2;

ut2 = alpha * mt2 + (1 - alpha) * ut2;

dt2 = ((2 - alpha) * mt2 - ut2) / (1 - alpha);

but = dt + mult * dt2;

blt = dt - mult * dt2;

plot1(dt,"CenterB");

plot2(but,"UpperB");

plot3(blt,"LowerB");

*/

_SECTION_BEGIN("Better Bollinger Bands");

pds = Param("Periods",2,1,200,1);

SD = Param("sd",3,0.01,5,0.01);

ALPHA = 2/(PDS+1);

mt = AMA(C, alpha);

ut = AMA(mt, alpha);

dt = ((2 - alpha) * mt - ut) / (1 - alpha);

//mt2 = alpha * absvalue(Close - dt) + (1 - alpha) * mt2;

mt2 = AMA(abs(C - dt), alpha);

ut2 = AMA( mt2 , alpha) ;

dt2 = ((2 - alpha) * mt2 - ut2) / (1 - alpha);

but = dt + sd * dt2;

blt = dt - sd * dt2;

Plot(but,"Upper Band", colorRed, styleLine);

Plot(dt,"Cente Band", colorBlue, styleLine);

Plot(blt,"Lower Band", colorBrightGreen, styleLine);

_SECTION_END();

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