Bollinger Band Width Indicator - futures io
futures io futures trading



Bollinger Band Width Indicator


Discussion in NinjaTrader

Updated by pnguyen720
      Top Posters
    1. looks_one perryg with 9 posts (7 thanks)
    2. looks_two Pava with 2 posts (0 thanks)
    3. looks_3 pnguyen720 with 2 posts (0 thanks)
    4. looks_4 Big Mike with 2 posts (1 thanks)
      Best Posters
    1. looks_one zeller4 with 6.0 thanks per post
    2. looks_two cory with 2.0 thanks per post
    3. looks_3 perryg with 0.8 thanks per post
    4. looks_4 Big Mike with 0.5 thanks per post
    1. trending_up 16,237 views
    2. thumb_up 16 thanks given
    3. group 10 followers
    1. forum 27 replies
    2. attach_file 8 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Bollinger Band Width Indicator

(login for full post details)
  #1 (permalink)
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,644 since Jan 2010
Thanks: 508 given, 6,279 received

I am looking for the simple Bollinger Band Width indicator.
The formula is as follows: (Upper BB - lower BB) / Middle BB

It is a very simple indicator. If some has seen this indicator could you please send me a link, and if not is there some one out there that can whip this together, which can also include an upper and lower threshold number to be entered.

Reply With Quote

Can you help answer these questions
from other members on futures io?
Scan by comparing SMAs within 5 mins
ThinkOrSwim
Volume Chart Trend Lines
TradeStation
Options Backtesting Software with Market Replay tool/feature?
Options
GGP straightforward North?
Stocks and ETFs
Anyone scalp the Mini-DAX (FDXM)?
Emini and Emicro Index
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Are sharks watching on the other side?
52 thanks
Sierra Chart ACSIL for Beginners.
35 thanks
Earn2Trade (Helios) - "The Gauntlet"
26 thanks
VWAP for stock index futures trading?
16 thanks
FIO Journal Challenge - June 2020 w/SharkIndicators
15 thanks
 
(login for full post details)
  #3 (permalink)
Bellingham, WA
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: 6E, CL
 
Dragon's Avatar
 
Posts: 494 since Aug 2009
Thanks: 747 given, 257 received


Why would you need to know the midline to get the width?

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #4 (permalink)
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,644 since Jan 2010
Thanks: 508 given, 6,279 received

(Upper BB - lower BB) / Middle BB This is the official formula given by John Bollinger himself. The denominator of the middle line will then give you a guage. When the indicator is very low, say 5 or 10 you are in a squeeze or better a consolidation, and when it goes above a certain threshold your have a breakout.

Reply With Quote
The following user says Thank You to perryg for this post:
 
(login for full post details)
  #5 (permalink)
Florida
 
Experience: Intermediate
Platform: NT7
Trading: CL, NQ, NG
 
Posts: 469 since Jun 2009
Thanks: 1,401 given, 402 received


perryg View Post
I am looking for the simple Bollinger Band Width indicator.
The formula is as follows: (Upper BB - lower BB) / Middle BB

It is a very simple indicator. If some has seen this indicator could you please send me a link, and if not is there some one out there that can whip this together, which can also include an upper and lower threshold number to be entered.


See the attached "in progress file" for a Bollinger Bandwidth Indicator.
I'd need additional info on the horizontal "threshold" lines you need to add.



Also, for the forum readers, please tell us how you'd use this...

HTH,

Kirk

Attached Thumbnails
Click image for larger version

Name:	6E 06-10  3_12_2010 (6 Range).jpg
Views:	653
Size:	86.2 KB
ID:	9648  
Attached Files
Register to download File Type: zip Bollinger_Bandwidth_v01.zip (7.8 KB, 335 views)
Reply With Quote
The following 6 users say Thank You to zeller4 for this post:
 
(login for full post details)
  #6 (permalink)
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,644 since Jan 2010
Thanks: 508 given, 6,279 received


zeller4 View Post
See the attached "in progress file" for a Bollinger Bandwidth Indicator.
I'd need additional info on the horizontal lines you need to add.

HTH,

Kirk

Kirk,

There is no "in progress file" attached.

Reply With Quote
 
(login for full post details)
  #7 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,890 since Jun 2009
Thanks: 31,573 given, 94,491 received


zeller4 View Post

The zip file didn't export correctly so I've attached only the .cs file.

Try manually adding Bollinger to the right-side list when exporting.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #8 (permalink)
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,644 since Jan 2010
Thanks: 508 given, 6,279 received

Kirk,

Thanks received the file. I will of course explain with example how to use this. Looking at the indicator, is it possible to perhaps multiply the number before plotting by 1000, so that we get larger numbers instead of numbers 0.0023 etc. I think this will then be easier to put threshold line more easier and be more managable. If possible I would like to test both options.

Reply With Quote
The following user says Thank You to perryg for this post:
 
(login for full post details)
  #9 (permalink)
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,644 since Jan 2010
Thanks: 508 given, 6,279 received


perryg View Post
Kirk,

Thanks received the file. I will of course explain with example how to use this. Looking at the indicator, is it possible to perhaps multiply the number before plotting by 1000, so that we get larger numbers instead of numbers 0.0023 etc. I think this will then be easier to put threshold line more easier and be more managable. If possible I would like to test both options.

Kirk,

I have mananged to change the code to give a multiplier of 1000. Thank you very much I will test it and then post a detailed description with example as to how I use it.

Reply With Quote
 
(login for full post details)
  #10 (permalink)
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,644 since Jan 2010
Thanks: 508 given, 6,279 received


First a thanks to Zeller4 for his contribution to this indicator.

I trade a simply as possbile, by reading the PRICE action, then only do I see if a simple indicator can confirm.

The Bollenger Bands work, is that when you start a TREND, the Top and Bottom Band EXPAND, and when there is NO trend they CONTRACT. By measuring the Width of the Bands, as soon as the WIDTH BANDS makes a turn UP from the Bottom, you will see a very sharp turn in the upper band for a LONG entry, or if the Botton Band turns down very sharply you have an Entry for a SHORT. By just looking at the BB Width indicator, you can tell if you are starting a TREND move (up or down) if the indicator goes UP (i.e. Widening of the BB Bands). As soon as the BB Width indicator starts to go down and remains in a flat position, you are in a CHOP zone (i.e. called a squeeze). Look at the Green circles on the chart for the sharp turn and the indicator pointing up. See also the Chop zone where the indicator is going down and Flat at the bottom.

I hope this can help some traders as an extra tool and also another way of looking at a chart.

Perry

Attached Thumbnails
Click image for larger version

Name:	BollingerWidthExample.png
Views:	640
Size:	155.4 KB
ID:	9761  
Reply With Quote
The following 3 users say Thank You to perryg for this post:


futures io Trading Community Platforms and Indicators NinjaTrader > Bollinger Band Width Indicator


January 8, 2018


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts