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Showing results for tags 'normalized'.
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// Normalized Bollinger Bands // version beta 0.1 // Author: TAMS // Date: 20100630 // Copyright: TAMS // License: personal use only // Terms: this header must be retained // // Description: // This indicator plots the normalized Bollinger Bands, // with normalized price bars overlaying the band widths // The band widths are colored cyan when they are expanding, // and light gray when they are contracting. // // The Bollinger Bands can be calculated // using exponential moving average (Use.Xavg = true), // or simple moving average (Use.Xavg = false). // // note: // this indicator was written with MultiCharts. // I have not tested it on other EasyLanguage compatible software. // A thorough read of Bollinger on Bollinger Bands is recommended. Comments and suggestions are welcome. You are invited to post your enhancements. Normalized Bollinger Bands (MultiCharts).pla Normalized Bollinger Bands.txt
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Type: Indicator Name: BWI BB Band Width Indicator: created by John Bollinger, of the Bollinger band and Bollinger Capital Management fame, as presented by John Forman in the Nov.1994 issue of "Technical Analysis of Stocks and Commodities". Idea: BWI is a measure of a tradeable's ability/tendency to trend. It is faster than an ADX, in that it will move earlier and reset itself earlier too. When the BWI is low, the volatility is low. ie. there isn't any trend. When it has a positive slope, there is a trend. I have added the following enhancements: 1. up/down colors for easy directional identification 2. option to use Exponential Average BWI_a.txt
