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Details:

Formula name: %b indicator - related bollinger bands
Author/Uploader: ajay - (email hidden)
Date/Time added: 2007-03-30 09:10:11
Origin:
Keywords: %b
Level: medium
Flags: indicator

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Description:

%b - indicator in relation to bollinger bands. With this we can easily detect patterns like 'W' 'M' patterns, the main use of this indicator is - divergence detection between price and indicator - such as unconfirmed low / high. Some times RSI is not detecting divergence but %b will do this.

Formula:




Graph0  = (Close - BBandBot (Close, 20, 2))
/ ((BBandTop (Close, 20, 2) - BBandBot (Close, 20, 2)));

Plot( Graph0, "%b indicator", colorBlue );

Comments:

dhiraj sood
dhirajsud [at] gmail.com
2007-04-08 16:01:39
hello sir please help me to make a formulla for intraday swing trade. for buy = i wants when ema 5 minutes is crossover to 10minutes ema and 10minutes ema cross to 20 minutes ema, and stochastic slow %k 9periouds D- cross D+ above below10 , and rsi 9periods is near or below 30; sell = ema 5minutes cross below 10minutes ema, and 10 minutes ema cross below 20minutes ema, and stochastic slow %9periods D- cross below D+ near 70, and rsi 9 periods is near 70; sir please help i m a big looser in stock markit and i think if any body inteligent person help me to make this formulla i m very very thankfull or sir if u have any other swing traid formula please share with me . please help DHIRAJ dhirajsud@gmail.com
Capitnao

2007-05-27 14:49:28
Thanks ajay, looks good I'll watch more closely.


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