How do I find out the Close position on the Band channel percentage? Thanks

AFL Programming
1

Band Close Posisition

3

I guess you could calculate it in this way:

BBTpct = 100 + 2 * SafeDivide(C - BT,  BT - BB, 0) * 100;

Note: this value is referred to the BT as you asked for. You should modify it to referring the BB value when the close is below the lower BB quite easily

1 Like
4

@Beuty it sounds like you are looking for the indicator commonly referred to as the Bollinger %b

You can read up on it all over the internet (for example on @BBands site or in his books) or see it in this forum post,

1 Like
5

Thank you so much for the help, very helpful. Gbu

6

Thank you very much for your help and time. Gbu

7

This topic was automatically closed 100 days after the last reply. New replies are no longer allowed.