Multiple Bollinger Bands Deviation Lines
Posted: Sun Jun 13, 2010 9:02 am- Multiple Bollinger Bands Deviation Lines
Multiple Bollinger Bands Deviation Lines Options
- Multiple Bollinger Bands Deviation Lines Options
This version of the BB indicator has several parameters
Number of periods
Standard parameter defines the time frame for calculating the moving average, required for B.B.
Number of deviations Line Shown
Define, How many deviation lines (pairs), we want to draw.
Number of standard deviations between Lines
Number of standard deviations between the lines.
Default value is 1.
Example.
If this parameter is set to 1.4 then the indicator draw lines,
1.4, 1.8, 3.2 ... standard deviations from the value of moving average for the period
The color of the lines are set automatically.
Oh yes, the indicator has one limitation.
You can draw only 100 lines
The last update I added a not Bullinger, option.
Along with standard deviation, I added a shift of moving averages.
Style options added.
MBBD.lua- (5.57 KiB) Downloaded 1405 times
- Rainbow
