Libraries: IncBandsOnArray
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IncBandsOnArray:
The CBandsOnArray is intended for calculation of the Bollinger Bands (BB) on an indicator buffer.
Bollinger Bands Technical Indicator (BB) is similar to Envelopes. The only difference is that the bands of Envelopes are plotted a fixed distance (%) away from the moving average, while the Bollinger Bands are plotted a certain number of standard deviations away from it. Standard deviation is a measure of volatility, therefore Bollinger Bands adjust themselves to the market conditions. When the markets become more volatile, the bands widen and they contract during less volatile periods.
Author: Дмитрий