Bollinger Bands on RSI
Author: wrleenh
Creation Date: 5/2/2011 8:54 AM
profile picture

wrleenh

#1
Has anyone created an indicator that is Bollinger Bands on RSI (rather than on price)?
This would be fantastic, allowing us to see relative volatility of RSI rather than using fixed RSI values for trading decisions.
profile picture

Eugene

#2
It doesn't have to be created -- it's already there:

1. Drag & drop:

Tutorial Video | Indicators | Combining Indicators on Charts

2. Rule-based strategy wizard:

Tutorial Video | Indicators | Designing Rule-based Strategies, Combining different Indicators

3. Strategy from code:

BBandUpper, BBandLower - notice the DataSeries source parameter? Create an RSI DataSeries and pass it instead of e.g. Close.

Wealth-Lab makes it pretty simple.
profile picture

wrleenh

#3
Thank you very much!