Bollinger Bands or Bollinger Bands (BB) is a channel indicator that has a serious drawback. It
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A helpful and handy device for merchants when analyzing the market and making choices.
The primary function of this indicator is a quick algorithm.
The acquire within the calculation velocity of the polynomial and its commonplace deviation worth as compared with classical algorithms reaches a number of thousand instances.
Additionally, this indicator has a Technique Tester with visible visualization of transactions, fairness graph and simultaneous calculation and output of the next information within the type of a desk:
- revenue (in factors)
- most drawdown (in factors)
- complete variety of transactions
- profitability (complete revenue/complete loss)
- stability (complete revenue/most drawdown)
Contents
Constructed-in tester
20 methods are given for instance: 5 channel and 5 non-channel, in addition to their inverse methods (when Promote and Purchase are reversed).
A quick description of the methods could be seen by hovering the mouse pointer over the road within the desk of the corresponding technique.
You can even develop the capabilities of this Tester should you apply this indicator to a different indicator, for instance, RSI.
It’s particularly value noting the potential for altering the parameters in two methods:
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Language assist has been applied (to this point 8 languages). The language is about routinely by the chosen language within the terminal, however you may also change the language by urgent “L” (Language).
Textual content fields could be dragged with the mouse.
- The yellow traces are the channel of the Polynomial that’s redrawn with every tick. The inexperienced dotted traces are an extrapolation of the Polynomial into the longer term.
- Two-color traces are a non-redrawable channel, which is a hint of a Yellow Polynomial, blue shade – when the traces of the Polynomial are directed up, purple shade – when down.
- Crimson line – Promote,The blue line is Purchase. Displayed when the Tester is turned on.
- Diploma of a polynomial – the diploma of a polynomial, from 0 to twenty
- 0 – regular MA (Bollinger Bands channel)
- 1 – linear regression
- 2 – nonlinear regression with out inflection factors (parabola)
- 3 – nonlinear regression with one inflection level (wave)
- and many others
- Variety of bars for the calculation (interval) – the variety of bars to calculate (interval).
- Width of the channel, 0-no channel, 1-width=commonplace deviation – Channel width:
- 0 – do not draw the channel
- 1 – the width is the same as the usual deviation of the polynomial
- Bars to extrapolate sooner or later – what number of bars to extrapolate into the longer term
- Present Polynom? – if true, then present the road of the Polynomial (yellow line)
- Unfold for Tester – the scale of the unfold for the Tester
- 0 – regular MA (Bollinger Bands channel)
- 1 – linear regression
- 2 – nonlinear regression with out inflection factors (parabola)
- 3 – nonlinear regression with one inflection level (wave)
- and many others
- 0 – do not draw the channel
- 1 – the width is the same as the usual deviation of the polynomial
The diploma of the Polynomial is restricted to twenty. However that is very redundant.
In my view, it’s fairly sufficient to make use of this indicator when the diploma of the Polynomial is lower than 10.
My suggestion for buying and selling is to make use of the 2nd diploma of the polynomial (parabolic channel), however for cryptocurrencies, the third diploma of the polynomial in my view is healthier suited due to robust volatility.
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17 June 2015
2.15
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