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Registered User
Joined: 4/7/2009
Posts: 6
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Hi Bruce,
With respect to Martha Stokes' Webnar on 9/12, where can I find the indicator of Bollinger Band with Histogram? I can't find them on TC2007 or TC2000. Do I have to write or import the formula?
Thanks.
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Worden Trainer
Joined: 10/7/2004
Posts: 710
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dsashley,
You simply need to plot the Bollinger Bandwidth indicator, click on its name in the pane and choose Edit. In the Edit box, change the plot style to Histogram, the period to 15 and the Standard Deviation to 2. That will recreate the indicator Martha named BWHST (place that in the label box if you want to name it).
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Registered User
Joined: 4/7/2009
Posts: 6
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Hi Bruce, how stupid of me. Yes, I got it. By the way, can you tell me how I can get Bollinger Bandwith into TC2007? Do I need the pcf formula or I can import somehow? How about Bollinger Band %B? Thank you so much for your help. I appreciate it.
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Registered User
Joined: 4/7/2009
Posts: 6
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Michael, what I meant is to have a Bollinger bandwith indicator in TC2007. Thanks.
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Worden Trainer
Joined: 10/7/2004
Posts: 710
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Neither the Bandwidth or % B indicators are available in TeleChart 2007.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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A Bollinger Bandwidth 15,20 could be created in TeleChart 2007 using the following formula as a Custom Indicator:
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 - 15 * AVGC15 ^ 2) / 14)
While a Bollinger %B 15,20 could be create in TeleChart 2007 using the following formula as a Custom Indicator:
(C - AVGC15) / (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 - 15 * AVGC15 ^ 2) / 14)) + .5
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF
Plotting Custom Indicators with Examples
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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