Bollinger Band Histogram
The Bollinger Band Histogram is a derivative of the classic Bollinger Bands. It represents the difference between the upper and lower Bollinger Bands. Accurate Amibroker data is crucial for calculating this histogram, as it enables traders to spot volatility changes and potential trading opportunities more effectively.
bbh = ((C+2*StDev(C,20) - MA(C,20)) / (4*StDev(C,20)))*4 - 2; Plot(bbh, "", 4, styleHistogram); PlotGrid(2, colorLightGrey); PlotGrid(-2, colorLightGrey);