Hi All, I am not a programmer, but I tried to buid BB% of RSI , base of John Bollinger' book. I cut and paste the function from LazyBear MFI/RSI BB indicator and original BB% scripts. Now, I need help for 2 things :
1. I already check by side with LazyBear indicator for the OB/OS, and all are good. One thing I don't understand is why we build the Basis for bb using "sma" ? any one can help me to understand with this?
2. I am happy with this, but I need to make the Source Price become customisable (close, hl/2, hlc/3, etc). and I don't know how to set it up. please help me with this.
Thank you.
Comments
cooney_s
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Good tool. Have you toyed with the different moving averages for Line 13?
pamcconnell496
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My understanding is that the SD for the BB are based off of SMA, so the basis is also for internal consistency. If you can change the way the SD is calculated to use ema, hma or whatever else, then you can probably change the basis to the same (ema, hma or whatever else)
Good tool. Have you toyed with the different moving averages for Line 13?