Bollinger Band Perfect Overbought Oversold Signals |
//www.aflcode.com _SECTION_BEGIN("Bollinger Band cloud"); P = ParamField("Price field",-1); Periods = Param("Periods", 20, 2, 300, 1 ); Width = Param("Width", 2, 0, 10, 0.05 ); Color = ParamColor("Color", colorDarkGreen | styleNoLabel); Plot( bbt = BBandTop( P, Periods, Width ), "BBTop" + _PARAM_VALUES(), colorGrey50, styleDashed | styleNoLabel ); Plot( bbb = BBandBot( P, Periods, Width ), "BBBot" + _PARAM_VALUES(), colorGrey50, styleDashed | styleNoLabel ); _SECTION_END(); _SECTION_BEGIN("BB Signals"); Sell=Cross(P,BBandTop( P, Periods, Width )); Buy=Cross(P,BBandBot( P, Periods, Width )); PlotShapes(IIf(Sell, shapeHollowStar , shapeNone), colorRed, 0, High, Offset=20); PlotShapes(IIf(Buy, shapeHollowStar , shapeNone), colorBrightGreen, 0, Low, Offset=-20); _SECTION_END();
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