Bollinger Bands (Standard)

Category: volatility, trend

A volatility indicator consisting of a Simple Moving Average (SMA) and two outer bands calculated using standard deviations from the mean.

Formula

ML = SMA(Price, n) \nUL = ML + (k * StdDev(Price, n)) \nLL = ML - (k * StdDev(Price, n)) \nStdDev = sqrt(sum(Price - SMA)^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.