Bollinger bands have three lines, an upper, middle and lower. As previously mentioned, the standard parameters for Bollinger Bands are a 20 day period with standard deviations 2 steps away from price above and below the SMA line.
This version for Prorealtime is an adaptation of the code that appeared on the Tradingview platform. The middle line is a moving average of prices; the parameters of the moving average are chosen by the trader.
I' ve produced a 23 minute tutorial on Bollinger Bands - Stock Market Mentor by Dan Fitzpatrick - Duration:. Bollinger Bands ( BB) are a widely popular technical analysis instrument created by John Bollinger in the early 1980’ s.Bollinger Bands Plus — indicator script for financial charts by. TradingView is a social network for traders and investors on Stock and Futures and Forex markets! In the previous section, we talked about staying away from changing the settings. In this video you will learn how to add indicators to the charts within TradingView with AMP Futures. Live quotes, free charts and expert trading ideas. Image Source: Tradingview. The Bollinger Bands indicator is an oscillator meaning that it operates between or within a set range of numbers or parameters. John Bollinger' s Most POWERFUL Trading Tools - Duration: 1: 03: 56. The Better Bollinger Bands is a modification of the Bollinger Bands created by Dennis McNicholl, published in an article in October 1998.