Bollinger Bands (Standard)

Category: volatility, trend

Classic Bollinger Bands implementation calculating a central SMA and two volatility-based bands using standard deviation.

Formula

\text{Middle Band} = \text{SMA}(n), \text{Upper Band} = \text{SMA} + (k \cdot \sigma), \text{Lower Band} = \text{SMA} - (k \cdot \sigma) \text{ where } \sigma = \sqrt{\frac{\sum(x - \mu)^2}{n}}

Inputs

• InpBandsPeriod (default: 20)
• InpBandsShift (default: 0)
• InpBandsDeviations (default: 2.0)

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