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flan4
Posted : Friday, March 6, 2015 8:22:00 AM
Registered User
Joined: 3/12/2005
Posts: 123

In TC 2000 V7 Is it possible to create a %B indicator of a 20-day bollinger band with 2 standard deviation upper and lower bands?  %B is the position of price between the upper and lower bands.

Thanks

Bruce_L
Posted : Friday, March 6, 2015 12:41:55 PM


Worden Trainer

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

Please try adding a Custom Indicator with the following settings.

Plotting Custom Indicators with Examples

- Period: 1
- Average Type: Doesn't matter.
- Formula: (C - AVGC20) / 4 / 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) / 19) + .5

You can multiply this by 100 if you want it to from 0 at the bottom and 100 at the top instead of 0 at the bottom and 1 at the top.

100 *((C - AVGC20) / 4 / 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) + .5)

Modelling Bollinger Bands (& Standard Deviation) in a TC PCF



-Bruce
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TC2000 Support Articles
flan4
Posted : Thursday, March 12, 2015 11:43:04 PM
Registered User
Joined: 3/12/2005
Posts: 123

Thanks  Bruce!

Bruce_L
Posted : Friday, March 13, 2015 7:18:28 AM


Worden Trainer

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

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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