Bollinger Oscillator
Utilizing Amibroker data, the Bollinger Oscillator becomes a dynamic indicator for traders. It measures the difference between Bollinger Bands and offers insights into price momentum and volatility. This tool empowers traders to pinpoint optimal trade opportunities and manage risk effectively.
//------------------------------------------------------------------------------ // // A simple example of using StDev function // //------------------------------------------------------------------------------ /* Bollinger Oscillator */ Graph0 = ( CLOSE - MA( CLOSE, 14 ) )/ StDev( CLOSE, 14);