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Bollinger Bands and Options Rate this Topic:
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syracusepro
Posted : Thursday, February 25, 2016 2:37:55 PM
Registered User
Joined: 12/9/2013
Posts: 45

Hi; Can a Bollingger Band cloud be painted while the squeeze is going on anything can be added to the cloud as an indicator of that, then if Options Trading is available on TC2000?

Bruce_L
Posted : Thursday, February 25, 2016 3:08:02 PM


Worden Trainer

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

There really isn't a way to change the color of the Bollinger Bands or any shading which might be in the Bollinger Bands based on an arbitrary condition in TC2000.

You probably could place dots on the centerline of the Bollinger Bands (or one of the bands for that matter) which only plot when the squeeze is going on.

The formula would change based on the definition of a squeeze and possibly the period of the Bollinger Bands. For example, we could use a TTM Squeeze or the Bollinger Bands being less than a certain percentage of the centerline value.

We could not draw dots if a Condition Formula cannot be created for the requirements or if the resulting Condition Formula would be too long and slow to be practical. Plotting dots based on if the the Bollinger Bands were at the narrowest width over the most recent 50 bars for example could not be done.

Options are not currently available in public versions of TC2000, but should be available very soon.



-Bruce
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syracusepro
Posted : Thursday, February 25, 2016 3:13:53 PM
Registered User
Joined: 12/9/2013
Posts: 45

Thanks Bruce.

Bruce_L
Posted : Thursday, February 25, 2016 3:15:02 PM


Worden Trainer

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

You're welcome.



-Bruce
Personal Criteria Formulas
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