Registered User Joined: 6/15/2015 Posts: 49
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Is there a way to tell what the last traded price is above the top channel (percent wise) of the top band of the boilnger band?
Look to find a way to make a scan that I can sort as a condition as well as a watchlist column.
Conversely, I'm looking to see how to sort % wise a stock is below it's bottom channel of it's boilnger band.
Thank you very much. Sorry to drive you nuts with this. But I'm trying real hard to find a result that fits. Thank you
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Registered User Joined: 6/15/2015 Posts: 49
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Sorry, I meant to ask about the mid line between the boilnger bands. Thank you
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Registered User Joined: 3/10/2012 Posts: 465
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Patrick try this basic idea for 2 standard deviation and 20 periods Bollinger bands
100 * (2 * C / (BBTOP(2,20)) - 1) in custom pcf and you can sort... the distance value above 100 means close of the bar was greater then upper bollinger band
100 * (2 * C / (BBBOT(2,20)) - 1) in custom pcf and you can sort... the distance value below 100 means close of the bar was less then lower bollinger band
You can replace C" with H or L to get high or low values
Cheers
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Instead of checking the % that price is above or below a partiular Bollinger Band as a percentage of the value of the Bollinger Band, I would be very tempted to use the width of the Bollinger Bands as the basis of the percentage instead.
If so, you can just use Bollinger %b keeping in mind that the instead of actually being a percentage, the bottom of the channel is 0, the center of the channel is .5 and the top of the channel is 1.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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