Hi,
Sorry,
Its my mistake in posting the code here. Actually either of one code will
be true as breakout will happen either crossing prices up or down. These are two
conditions with OR operator. The actual code is:
IF(Cross( BBandTop(C,20,S,2),
BBandTop(C,10,S,2)) AND C > BBandTop(C,20,S,2),1,0) OR
IF(Cross(BBandBot( close, 10, S, 2 ), BBandBot(
close, 10, S, 2 )) AND C< BBandBot( close, 20, S, 2 ),1,0)
---errata : Its BBandBot(Close,20,2) not 10 as mentioned in previous mail.
Here, it will first check when BBandTop(C,20,2)
penetrates below BBandTop(C,10,2) or BBandBot(C,20,2) and the breakout happens
with price breakout and cross of BBandTop and Close higher than BBandTop.
Similarly, if breakout happens downwards, then
BBandBot(C,20,2) will penetrate below BBandBot(C,10,2) with close below
BBandBot(C,20,2)
Thanks and
Regards,
Amit
Trivedi
Technical
Analyst, Active Trader, President & CEO
Athena
Investments, Inc.
1055 Sector 15
Part - II, Gurgaon - 122001(India).
T:
+91.124.4033.595 M: +919818707842
Raman,
You seem to be missing the ";" at
the end of the first line.
----- Original Message -----
Sent: Saturday, December 03, 2005 7:09
PM
Subject: Re: [EquisMetaStock Group]
bollinger bands tightening
Dear Amit,
Sorry a neophyte question.
When I
try tools - indicator builder - new and give this formula
Cross( BBandTop(C,20,S,2),
BBandTop(C,10,S,2)) AND C > BBandTop(C,20,S,2)
Cross(BBandBot( close, 10,
S, 2 ), BBandBot( close, 10, S, 2 )) AND C< BBandBot( close, 10, S,
2 )
an error occurs and indicator builder expects something at the
begining of the second line (Cross). Could you please explain in
detail keeping in mind that i am rather new.
Thanks in
advance
regards
Dr. Raman
Kumar
9719027733
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