Registered User
Joined: 11/27/2013
Posts: 2
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What would be the formula for an oversold scanner where price comes below the bottom bollinger band on the daily time scale?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please try the following Condition Formula for price being below the simple lower Bollinger Band 20, 2.00
C < AVGC20 - 2 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 20)
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF
-Bruce
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