Hi all,
Recently I developed a formula which shows the "reliability" of
Bollinger Bands. The indicator shows the chances the close is within
the Bollinger Bands:
(Cum(If(C>=BBandBot(C,20,S,2) AND
C<=BBandTop(C,20,S,2),1,0)))/(-19+Cum(1))
For the DJIA 1900-1997: 87.5 %
Regards,
Onno
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