Bollinger Fib Band
The Amibroker Data Feeder tool seamlessly integrates Bollinger Fib Bands into your trading strategy. By combining Bollinger Bands with Fibonacci levels, it harnesses Amibroker data to help traders identify potential reversal points and trend shifts, facilitating more accurate entry and exit decisions.
// Bollinger Fibonacci Bands - Beachie41 26/11/04 //
/* as used in the VT trading platform -
see outline of FX trading system by mezarashii on
Moneytec http://www.moneytec.com/forums/_showthread/_threadid-11630/_s-
*/
GraphXSpace = 3;
per = Param("Period",20,10,55,1);
TH =IIf(Ref(C,-1) > H,Ref(C,-1),H);
TL=IIf(Ref(C,-1) < L,Ref(C,-1),L);
TR = TH-TL;
TRa= Wilders(TR,per);
UpperBand3 =MA( C, per) + ( 4.2360 * TRa);
UpperBand2=MA( C, per) + ( 2.6180 * TRa);
UpperBand1=MA( C, per) + ( 1.6180 * TRa);
MidPoint=MA(C, per);
LowerBand1=MA( C, per) - ( 1.6180 * TRa);
LowerBand2=MA( C, per) - ( 2.6180 * TRa);
LowerBand3=MA( C, per) - ( 4.2360 * TRa);
Plot(MidPoint,"",colorGreen,4);
Plot(UpperBand1,"",colorRed,1);
Plot(LowerBand1,"",colorRed,1);
Plot(UpperBand2,"",colorAqua,1);
Plot(LowerBand2,"",colorAqua,1);
Plot(UpperBand3,"",colorYellow,1);
Plot(LowerBand3,"",colorYellow,1);
PlotOHLC(O,H,L,C,"",colorWhite,64);