Normalized Bollinger Bands

[Tams 20]

// 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

Edited July 1, 2010 by Tams