BB MACD

Category: momentum, volatility, trend

A MACD variation where the signal line is replaced by Bollinger Bands calculated on the MACD line itself, using dots to indicate momentum direction.

Formula

bbMACD = EMA(Close, Fast) - EMA(Close, Slow) \newline UpperBand = EMA(bbMACD, Length) + (StdDev(bbMACD, Length) \times StDv) \newline LowerBand = EMA(bbMACD, Length) - (StdDev(bbMACD, Length) \times StDv)

Inputs

• FastLen (default: 12)
• SlowLen (default: 26)
• Length (default: 10)
• barsCount (default: 400)
• StDv (default: 2.5)
• StricterAlerts (default: false)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.