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patrick_m_c
Posted : Thursday, February 7, 2019 5:43:59 PM
Registered User
Joined: 6/15/2015
Posts: 49

Is there a way to tell what the last traded price is above the top channel (percent wise) of the top band of the boilnger band?

Look to find a way to make a scan that I can sort as a condition as well as a watchlist column.

 

Conversely, I'm looking to see how to sort % wise a stock is below it's bottom channel of it's boilnger band. 

 

Thank you very much. Sorry to drive you nuts with this. But I'm trying real hard to find a result that fits. Thank you

patrick_m_c
Posted : Thursday, February 7, 2019 5:46:05 PM
Registered User
Joined: 6/15/2015
Posts: 49

Sorry, I meant to ask about the mid line between the boilnger bands. Thank you

dhirenshah
Posted : Thursday, February 7, 2019 5:55:47 PM
Registered User
Joined: 3/10/2012
Posts: 465

Patrick try this basic idea for 2 standard deviation and 20 periods Bollinger bands

100 * (2 * C / (BBTOP(2,20)) - 1)   in custom pcf and you can sort... the distance value above 100 means close of the bar was greater then upper bollinger band 

100 * (2 * C / (BBBOT(2,20)) - 1)   in custom pcf and you can sort... the distance value below 100 means close of the bar was less then lower bollinger band 

You can replace C" with H or L to get high or low values 

 

Cheers

Bruce_L
Posted : Friday, February 8, 2019 9:33:26 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Instead of checking the % that price is above or below a partiular Bollinger Band as a percentage of the value of the Bollinger Band, I would be very tempted to use the width of the Bollinger Bands as the basis of the percentage instead.

If so, you can just use Bollinger %b keeping in mind that the instead of actually being a percentage, the bottom of the channel is 0, the center of the channel is .5 and the top of the channel is 1.



-Bruce
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