Click here to Login




BbandsUpper 0


Function - BBANDSUPPER
BBANDSUPPER
Bollinger Bands (Upper band)

Indicators


SYNTAX BbandsUpper( ARRAY close, ARRAY timeperiod, ARRAY nbdevup, ARRAY nbdevdown, ENUM movingaveragetype)
RETURNS NUMERIC ARRAY
DESCRIPTION Bollinger Bands (Upper band)
ADDITIONAL INFO Bollinger Bands are plotted at 2 standard deviations above and below a 20-day exponential moving average. As standard deviation is a measure of volatility, the bands are self-adjusting: widening during volatile markets and contracting during calmer periods.
The price are considered "overbought" when they touch the upper band and "oversold" when they touch the lower band.
Statisticly 95% of price data should fall between the two tranding bands.
A way to use Bollinger Bands is to use the upper and lower bands as price targets. If prices bounce off the lower band and cross above the 20 day average, then the upper band becomes the upper price target.
Bollinger Bands was created by John Bollinger.
EXAMPLE BbandsUpper(close, 15, 2, 2, _MaSma)



Manual

 

Back Parent

 

Download Manual in CHM or PDF format







QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright © 2024 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.