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Bollinger Bands Rate this Topic:
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kamran
Posted : Wednesday, May 9, 2007 11:11:57 AM
Registered User
Joined: 12/31/2004
Posts: 14
Hi, I wonder if you someone can help me with the followings:

1- I would like to draw +/-1, +/-2 and +/-3 BBs around 20 period MA.

2- Then I would like to be able to identify the position of the price in those BBs as an indicator - Having indicator (Sort By) rather than a scan just speeds up the identification process.

Thank you
Bruce_L
Posted : Wednesday, May 9, 2007 12:07:31 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You would probably want to add three Bollinger Band Indicators to the chart:

Select Chart Template | Add Indicator | Bollinger Band | Prices.
- Period: 20
- Width: 10

Select Chart Template | Add Indicator | Bollinger Band | Prices.
- Period: 20
- Width: 20

Select Chart Template | Add Indicator | Bollinger Band | Prices.
- Period: 20
- Width: 30

You can then use a Channel Sort on the desired Bollinger Band. You may wish to review the following:

Adding, removing and saving indicators to a chart template
Sort using envelopes, regression channels and Bollinger bands
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF
Finding Expanding or Contracting Bollinger Bands
Customize your charts using Chart Templates
Chart template saving options in the Tools | System Settings menu

-Bruce
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