Bollinger Indicator : More parameters needed !!!

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Fred Fachard

• January 30, 2018 18:02

Hello,

The Bollinger Band indicator need to be enhanced to fit the regular setup.

3 parameters are needed : 

- Period (already present)
- Deviation (very important)
- Shift (less important)

Thx

1

• 

  Tiki Dave

  • April 04, 2018 23:41
  • Edited

  Aloha Fred!

  I created an enhanced version of Tradovate's Bollinger Band study and included the standard deviation param you requested.  It also features a middle plot line of the moving average. 

  You can plot it multiple times on your chart to get different deviations, for example here is a 2 and 3 std deviation study:

  To recreate this chart, I hid the middle plot line so it is not redundant on the chart:

  

  I need to look into how best to handle your shift/displace request, which could be useful in my other indicators. 

  To activate, look in the Code Explorer under "Tiki Bollinger Bands" - mahalo!

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• 

  Fred Fachard

  • April 27, 2018 16:13

  Hello,

  Sorry for the late reply.

  First I must say thank you for the work :)

  About "Shift", it is just the ability to shift left or right (number of candles) the indicator lines versus the candles itself.

  For example : (considering candle 0 is the current candle)

  If shift == 0 : it's same as regular way to display (bollinger values for candle 3 are displayed on candle 3 verticality)

  If shift == 1 : bollinger values for candle 3 are displayed on candle 2 verticality

  If shift == -1 : bollinger values for candle 3 are displayed on candle 4 verticality

  Hope you get the point !

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