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Forums>StrategyQuant>Application Support>Bollinger Band (BB) Question

  • #258986 |
    ChrisWhite
    Customer
    15 Posts

    Hi there,

    my question is related to AlgoWizard and the signal Bollinger Band (BB).

    f.e. one signal is: (BB) Bar opens above lower band, after opened below.

    I have a problem with the understanding:

    “The bar opens above the lower band (that is clear) after (the same? bar) opened below”.

    From a logical point we are talking about 2 different bars I assume.

    Is this interpretion correct: “Signal is triggered, if the second bar opens above the lower band, when the preceding bar opened below the lower band”?

     

    Thanks for any help.

    Christian

     

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    #259011
    tomas262
    Administrator
    1827 Posts

    Hello,

    yes, correct. This means “Bar open crosses above BB” and is based on two last bars

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