Bollinger Band Bandwidth

Dear

It is not recommended to enter in to trade looking after only one indicator i.e BBand.

Always combined (Mix) various other indicator along with BBband for best result.

Hulk

Dear

It is not recommended to enter in to trade looking after only one indicator i.e BBand.

Always combined (Mix) various other indicator along with BBband for best result.

Hulk

@mbzd: try Bollinger Bands (Area) in ami at formular/bands

Just to plot is here
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_SECTION_BEGIN("Bollinger Bandwidth");
a1=Param("period",20,10,50,1,0);
a2=Param("Standard Deviation",2,1.5,2.5,0.1,0);
a3=BBandTop(Close, a1, a2);
a4=BBandBot(Close, a1, a2);
a5=a3-a4;
a6=MA(Close,14);
a7=a5/a6*100;
Plot( a7,"Bollinger Bandwidth",ParamColor( "color", colorCycle ), ParamStyle("Style") );
_SECTION_END();

MBZD

This is for U And All
Note:- As I told u don't enter in to trade only after looking at BBand Width indicator , Mix other indictor for best result

//MBZD Bollinger Bands Width + Scan + Exp BY Hulk
_SECTION_BEGIN("Bollinger_Bands_width");
pds=Param("Periods",20,2,200);
sd=Param("Band Width",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( but, "Upper band", colorLightGrey, styleLine | styleDots, maskAll );
Plot( blt, "Lower band", colorLightGrey, styleLine | styleDots, maskAll);
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();

//Note:- If you change parameter of BBands then change manually also in Explorer, otherwise you will NOT get desire result.


_SECTION_BEGIN("Explorer");

bb= C > BBandTop( C, 20, 2) AND Ref (C,-1) < Ref(BBandTop( C, 20, 2),-1);
bb1= C < BBandBot( C, 20, 2) AND Ref (C,-1) > Ref(BBandBot( C, 20, 2),-1);
bb_status= WriteIf(BB, "AboveTop", WriteIf(bb1, "BelowBottom", "Neutral"));
bb_Col=IIf(bb, colorGreen, IIf(bb1, colorRed, colorLightGrey));


/* RESULTS */
Filter = MA(Volume,20) > 10000;
AddColumn( Close, "Close " );
AddColumn( Volume, "Volume " );
AddTextColumn(bb_status, "BBand", 1, colorWhite, bb_Col);

Buy = Cross(C , but);
Sell = Cross(blt , C);
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
shape = Buy * shapeUpTriangle + Sell * shapeDownTriangle;
PlotShapes( shape, IIf( Buy, colorWhite, colorCustom12 ), IIf( Buy, Low, High ) );

_SECTION_END();

SetChartOptions(0,chartShowArrows|chartShowDates);
SetChartBkColor(ParamColor("Outer panel color ",colorDarkGrey)); // color of outer border
SetChartBkGradientFill( ParamColor("Inner panel color upper half", colorBlack),
ParamColor("Inner panel color lower half", colorDarkOliveGreen)); // color of inner panel
Title = EncodeColor(colorWhite)+ "BBW+SCAN+EXP By HULK" + " - " + Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +" - " + Date() +" - "+"\n" +EncodeColor(colorYellow) +"Op-"+O+" "+"Hi-"+H+" "+"Lo-"+L+" "+
"Cl-"+C+" "+ "Vol= "+ WriteVal(V);

HULK