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Hi everyone, I need a help to write a funcion that give back the BBW value, so I have few question:
- to calculate correctly BBW i can use the formula (BBU-BBL)/BBM, upper-lower/medium value. Now the question is: to calculate those values is necessary to use a buffer isn't it?
- if I use a buffer the value needed is the last one? so I put the last one in the formula over there and that gives me back the BBW referred to the specific period?
- for the %b I have to do the same changing only the formula to calculate it?
I asked about that cause i've tried to do with
BBU=0;
BBU=iBands(NULL,0,20,2,0,PRICE_CLOSE,MODE_UPPER,0);
// Print("value BBU: ",BBU);
BBL=0;
BBL=iBands(NULL,0,20,2,0,PRICE_CLOSE,MODE_LOWER,0);
// Print("value BBL: ",BBL);
BBM=0;
BBM=iBands(NULL,0,20,2,0,PRICE_CLOSE,MODE_MAIN,0);
// Print("value BBM: ",BBM);
BBW=0;
BBW=((BBU-BBL)/BBM)*MathPow(10,Digits);
Print("value BBW: ",BBW);
// second mode to calculate
BBWdirect=0;
BBWdirect=((iBands(NULL,0,20,2,0,PRICE_CLOSE,MODE_UPPER,0)-iBands(NULL,0,20,2,0,PRICE_CLOSE,MODE_LOWER,0))/iBands(NULL,0,20,2,0,PRICE_CLOSE,MODE_MAIN,0))*MathPow(10,Digits);
Print("value BBWdirect: ",BBWdirect);
but the risult is not that I've expected, so mine was a concept error?
Thank's to all