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Forums>StrategyQuant>General Discussion>What is the definition of the BB Range and BBWR indicators?

  • #258102 |
    Customer
    29 Posts

    These aren’t widely used terms and definitely not in Bollinger on Bollinger Bands. I’m assuming one is %b and the other is Bandwidth. Am I right in thinking:

    BB Range = %b

    BB Width Ratio = Bandwidth

    #258103
    Customer
    29 Posts

    So far I’ve been able to conclude that:

    1. Both of these indicators seem to produce values between 0 and 1 as no trades are triggered outside of these values – this means neither are %b

    2. Both of these indicators trigger exactly the same number of trades when they are set to be > 0 and < 1 – presumably this means they are actually the same indicator?

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