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963 posts
msg #266
12/17/2002 3:00:26 PM

Bollinger Oscillator

Parameters Period
Usage Bollinger Width Oscillator(period)
Bollinger Oscillator(period)
Description The Bollinger Width Oscillator is a simple extension of the Bollinger Bands using the closing price. Essentially the Bollinger Width Oscillator computes the position of the closing price relative to the width of the Bollinger Bands.

This oscillator ranges from -100 to 100. Where a value above 100 indicates the closing price is above the upper band and a value of -100 would indicate the price is below the lower band. Similarly, a value at 0 indicates the price is centered on the median Bollinger line (or moving average.)

Fetcher[Bollinger Oscillator(20) is above 100 and draw Bollinger Bands(20)]

Fetcher[Bollinger Oscillator(20) crossed above -100 and draw Bollinger Bands(20)]

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