Hye CJA, do you have MTF dashboard for BB? I have some idea about BB. Since BB have fixed deviation value setting on price chart, we can't know on what deviation value price closed plotted on BB, let say you set BB on 2 deviation and price close above upper band, it can be closed on 2.20 deviation but we can't know it's actual deviation value. How to calculate actual deviation value (closed price - ?period middle BB)/standard deviation of ?period.
On sample image price closed on (122.688), 24 period middle BB on (122.5149) and standard deviation of 24 on 0.0799 so it will be (122.688-122.5149)/0.0799=2.16645807 this result shows exact value of price deviation. Since we know if price closed above 2 deviation it shows momentum for that period setting. Here i want MTF dashboard that show last exact deviation value(must be numberic) maybe you can make more than 2 of exact deviation value so we can compare strength between each value. Bold number above will indicated on dashboard with 3 decimal point.
For setting please make it
1. Input of deviation(what deviation dasboard start to recognize). Any price closed outside BB there are highest or lowest will be indicated on dashboard. Price closed above/below middle BB will start a new data on dashboard.
On second image there are 2 rectangle will indicate 2 different data on dashboard since price closed below middle BB(blue arrow) after 1st data. I hope you can make 5 maximum data on dashboard in a row
, because sometimes price too choppy before make setup.
2. Input of method and period. If BB applied to median price, so standard deviation will be applied to median price also, same with period if BB set to 20 same period will be set on standard deviation for the right calculation.
3. MTF different value. Since BB don't calculate on 1 period on any TF, we will use lower TF. Let say i want to look Daily deviation so i will use TF H1 with setting 24 period. Since every TF have different period multiplier i want every TF with it's own value not default period for all TF.
4. Different 3 colours, 2 colours will shows price that successfully closed outside BB which is upper and lower BB. Last colour shows any price go outside BB but fail to close outside.
Btw thanks in advance if you read this post, sorry if my english bad. All the best to you
On sample image price closed on (122.688), 24 period middle BB on (122.5149) and standard deviation of 24 on 0.0799 so it will be (122.688-122.5149)/0.0799=2.16645807 this result shows exact value of price deviation. Since we know if price closed above 2 deviation it shows momentum for that period setting. Here i want MTF dashboard that show last exact deviation value(must be numberic) maybe you can make more than 2 of exact deviation value so we can compare strength between each value. Bold number above will indicated on dashboard with 3 decimal point.
For setting please make it
1. Input of deviation(what deviation dasboard start to recognize). Any price closed outside BB there are highest or lowest will be indicated on dashboard. Price closed above/below middle BB will start a new data on dashboard.
On second image there are 2 rectangle will indicate 2 different data on dashboard since price closed below middle BB(blue arrow) after 1st data. I hope you can make 5 maximum data on dashboard in a row
, because sometimes price too choppy before make setup.2. Input of method and period. If BB applied to median price, so standard deviation will be applied to median price also, same with period if BB set to 20 same period will be set on standard deviation for the right calculation.
3. MTF different value. Since BB don't calculate on 1 period on any TF, we will use lower TF. Let say i want to look Daily deviation so i will use TF H1 with setting 24 period. Since every TF have different period multiplier i want every TF with it's own value not default period for all TF.
4. Different 3 colours, 2 colours will shows price that successfully closed outside BB which is upper and lower BB. Last colour shows any price go outside BB but fail to close outside.
Btw thanks in advance if you read this post, sorry if my english bad. All the best to you
Secret always hidden in a timespace #be patient
