BBForce / Bollinger Bands Force

Category: volatility, trend, momentum

A trend-following modification of Bollinger Bands that identifies directional 'Force' based on the synchronized movement of the Upper, Lower, and Basis bands.

Formula

\begin{cases} +1 & \text{if } Upper_t > Upper_{t-1} \text{ AND } Lower_t > Lower_{t-1} \text{ AND } Basis_t > Basis_{t-1} \\ -1 & \text{if } Upper_t < Upper_{t-1} \text{ AND } Lower_t < Lower_{t-1} \text{ AND } Basis_t < Basis_{t-1} \\ 0 & \text{otherwise} \end{cases}

Inputs

• length (default: 26)
• src (default: close)
• mult (default: 2.0)
• offset (default: 0)

See signal primitives and every published strategy that uses BBForce / Bollinger Bands Force on WOBR StrategyVerse.