I had a query on the predefined scans for bollinger per below. Going long refer to BBII>0 and short BBII<0. I was unsure what BBII was - if someone can please elaborate? I understand the %B conditions.
Long
/Set the Bollinger Band % B properties and find where the value is less than 0.1 and set the
BPB(BARS=5, CALC=Close, STDDEV=2.000000) < 0.1 and BBII(BARS=21, ) > 0
Short
//Set the Bollinger Band % B properties and find where the value is greater than 0.9 and set the Bollinger II % data properties and find where the value is less than 0
BPB(BARS=5, CALC=Close, STDDEV=2.000000) > 0.9 and BBII(BARS=21) < 0
Thanks.
Mushtaq