 Gold Customer
Joined: 1/30/2005
Posts: 3
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Is the numeric value of the width of Bolinger Bands available anywhere in Telechart? I want to calculate and plot a value for stop losses using the formula MINL5-width/2 where width is set to 10 to produce one standard deviation of the price. Any way to do that?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The Bollinger Bandwidth is not directly available but can be reproduced using Custom Indicators. In order to do this, we would need both the Period and Width of the settings of the Bollinger Band. Here is an example:
5-Period Minimum Low - 10-Period Standard Deviation:
Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Unchceked
- Plot using price scale: Checked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: MINL5 - SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 - 10 * AVGC10 ^ 2) / 9)
You may wish to review the following:
Plotting Custom Indicators with Examples
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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