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xalyx
Posted : Friday, September 28, 2012 4:36:20 PM
Registered User
Joined: 10/7/2004
Posts: 41

bruce your scan from 9/26 ... produced large open bb from very tight bands i was needing to scan from open bands like egg formation going to very closed bands like railroad tracks....with sd(1 ) and period (10)...if possible ..thank you  bob schlomowitz 

Bruce_L
Posted : Friday, September 28, 2012 4:46:35 PM


Worden Trainer

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

The Condition Formula given in the xalyx topic is definitely producing results where the Bollinger Bands have gotten significantly narrower on my computer:

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) / 10) <= .3 * SQR(ABS(C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 - 10 * AVGC10.1 ^ 2) / 10)

About the only thing I can think to change after looking at the Condition Formula plotted as a Custom PCF % True Indicator for a bunch of symbols would be to replace the <= with a < sign instead:

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) / 10) < .3 * SQR(ABS(C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 - 10 * AVGC10.1 ^ 2) / 10)

This would eliminate results where the only reason the Condition Formula returns true is that the Bollinger Bandwidth is already zero.

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



-Bruce
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