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Bollinger Band Hook Up & Down by Jim Barone
I use the following indicators to show the price reversal of Bollinger Band penetration:

Upper BB Hook Down

UpperBB:= Mov(C,20,S) + (2*(Std(C,20)));
C < UpperBB AND Ref(C,-1) > Ref(UpperBB,-1);

Lower BB Hook Up

LowerBB:= Mov(C,20,S) - (2*(Std(C,20)));
C > LowerBB AND Ref(C,-1) < Ref(LowerBB,-1);

from Jim Barone

Bollinger Band Hook 2 in 1

{Upper BB Hook Down}
UpperBB:= Mov(C,20,S) + (2*(Std(C,20)));
C < UpperBB AND Ref(C,-1) > Ref(UpperBB,-1);

{ Lower BB Hook Up}
LowerBB:= Mov(C,20,S) - (2*(Std(C,20)));
C > LowerBB AND Ref(C,-1) < Ref(LowerBB,-1);

 

e-w-Bollinger_Band_Hook_Up_Hook_Down.gif
Source / From: TOP
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