What is the definition of the BB Range and BBWR indicators?
1 replies
gottogethelp
3 years ago #258102
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
gottogethelp
3 years ago #258103
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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