Hi,
Is it possible to create the Bollinger %B indicator? Formula is very simple:
(Close-Lowerband)/(Upperband -Lowerband).
Or can you create this via the building blocks?
And some kind of latch? If the %B crosses the 0 line, it stays open as long it doesn't cross another value of the %B
Is it possible to create the Bollinger %B indicator? Formula is very simple:
(Close-Lowerband)/(Upperband -Lowerband).
Or can you create this via the building blocks?
And some kind of latch? If the %B crosses the 0 line, it stays open as long it doesn't cross another value of the %B
Rename
Sometimes you can apply Transformer Indicators (MathIndOpInd), but there are too many operations that would require multiple Transforms - so don't try it here.
The TASC Indicator BollingerPctBSmoothed is the same indicator (multiplied by 100) for all practical purposes. See for yourself in a C# Code Window.
Another option is to create a Custom Indicator yourself in Admin mode. Then you can use it in blocks.
The TASC Indicator BollingerPctBSmoothed is the same indicator (multiplied by 100) for all practical purposes. See for yourself in a C# Code Window.
CODE:
using WealthLab.TASC; using WealthLab.Backtest; using System; using WealthLab.Core; using WealthLab.Data; using WealthLab.Indicators; using System.Collections.Generic; namespace WealthScript4 { public class MyStrategy : UserStrategyBase { public override void Initialize(BarHistory bars) { ind1 = new BollingerPctBSmoothed(bars, 20, 2); // the 2 here is the smoothing period, not SD, which is another special calc PlotIndicator(ind1, WLColor.FromArgb(255,85,125,245), PlotStyle.ThickLine); BBLower bBLower = BBLower.Series(bars.Close, 20, 2.0); BBUpper bBUpper = BBUpper.Series(bars.Close, 20, 2.0); TimeSeries ts = 100 * (bars.Close - bBLower) / (bBUpper - bBLower); PlotTimeSeriesLine(ts, "my %B", ind1.PaneTag, WLColor.Gold); } public override void Execute(BarHistory bars, int idx) { } private IndicatorBase ind1; } }
Another option is to create a Custom Indicator yourself in Admin mode. Then you can use it in blocks.
I saw it's a smoothed version of Sylvain Vervoort.(Typo in the description). I don't know him personally but I know who he is. Do i have acces to this admin section?
You just have to run WealthLab "as Administrator" and follow the instructions for creating a custom indicator. It requires a bit of coding.
FYI
Indicator exists but if you filter on Bollinger you wouldn't find it. It's BBand

Indicator exists but if you filter on Bollinger you wouldn't find it. It's BBand
Yeah, there are different namings to many indicators. PercentB is one of them, pretty recognized, and apparently grandfathered from WL6.
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