%B Bollinger Brands
B Bollinger Brands are a popular technical analysis tool used by traders to identify potential price movements. By utilizing the Amibroker data and Amibroker data feed, traders can accurately analyze market trends and make informed trading decisions. With a wide range of applications, B Bollinger Brands provide valuable insights into market volatility and potential breakouts. Stay ahead of the game with this powerful combination of analysis tools.
_SECTION_BEGIN("%B of Bollinger Bands");
P = ParamField("Price field",-1);
Periods = Param("Periods", 20, 2, 100, 1 );
Width = Param("Width", 2, 0, 10, 0.05 );
//Color = ParamColor("Color", colorCycle );
//Style = ParamStyle("Style");
//Plot( BBandTop( P, Periods, Width ), "BBTop" + _PARAM_VALUES(), Color, Style );
//Plot( BBandBot( P, Periods, Width ), "BBBot" + _PARAM_VALUES(), Color, Style );
BBW = BBandTop(P, Periods, Width) - BBandBot(P, Periods, Width);
b= (C - BBandBot(P, Periods, Width)) / BBW;
Plot( b,"%b",colorGrey40);
e_ema = EMA(b,3);
Plot (e_ema,"ema_b",colorBlue);
_SECTION_END();
_SECTION_BEGIN("Bollinger Bands1");
P = ParamField("Price field",-1);
Periods = Param("Periods", 5, 2, 300, 1 );
Width = Param("Width", 0.5, 0, 10, 0.05 );
Color = ParamColor("Color", colorCycle );
Style = ParamStyle("Style");
Plot( BBandTop( P, Periods, Width ), "BBTop" + _PARAM_VALUES(), Color, Style );
Plot( BBandBot( P, Periods, Width ), "BBBot" + _PARAM_VALUES(), Color, Style );
_SECTION_END();