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Walter,
((C+2*Std(C,20)-Mov(C,20,S))/(4*(Std(C,20)))*100)
"Tweak" the formula to obtain your desired variables.
Steve Karnish
CCT
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> From: Walter Lake <wlake@xxxxxxxxx>
> To: metastock bulletin board <metastock@xxxxxxxxxxxxx>
> Subject: Bollinger Bands
> Date: Thursday, August 27, 1998 7:22 AM
>
> Does anyone have a favourite formulation to normalize
Bollinger Bands as an
> oscillator.
>
> I want to use 21 day Bollinger Bands, 2 standard deviations
and 1 standard
> deviations away from the moving average in an oscillator that
will swing
> between overbought and oversold levels for easy comparison to
other
> oscillators.
>
> Thanks
>
> Walter Lake
>
>
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