Abbreviation: BB High
Category: Time Series
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| Periods | Int >= 2 | 20 |
| StndDev Multiplier | Real > 0.0 | 2 |
Calculation:
Avg(X, n) + (mult * StndDev(X, n))
where
X = Time Series
n = Periods
mult = StndDev Multiplier
Avg represents Simple Moving Average
StndDev represents Standard Deviation
Discussion:
Provides a price band whose width varies with price volatility. Movement of price above this band is a warning of a possible upward trend. The sensitivity of this indicator varies widely depending upon the user’s choice of moving average and standard deviation multiplier.