AreaBB
Area Bollinger Bands
Description
Bollinger Bands were introduced by John Bollinger
and are primarily used for presenting the volatility of the stock in an easy to
view form. The indicator consists of three lines: an N period simple moving
average (SMA) and a line above and below the SMA at a distance of P Standard
Deviations from the SMA. This script displays the three lines and fills the
region between them with a semi-transparent color.
Category
Extended
Parameters
N ( Default: 20
Min: 5 Max: 300 )
P ( Default: 2
Min: 0.1 Max: 10 )
Chart Script
MID := MA(CLOSE,N);
UPPER: MID +
P*STDP(CLOSE,N),Color#8080c0;
LOWER: MID -
P*STDP(CLOSE,N),Color#8080c0;
FILLRGN(1,LOWER,UPPER),Brush#200000C0;