Bollinger Band Script

Optuma Scripting
1

Hi,

I am trying to put together a script which shows a Bollinger Band Breakout which follows a squeeze.

Squeeze on:
UBB = BB(BARS=20, STDDEV=2.000000).
UpperLine; LBB = BB(BARS=20, STDDEV=2.000000).
LowerLine ; VERGENCE(UBB, LBB, LOOKBACK=5);

Breakout:
close() crossesabove bb();

Question how do I link the 2 scripts so that the squeeze has been ON for at least the last 1-2 days.

cheers

Mandeep

2

Hi,

If you have the SqueezeOn code setup as a saved script you can use the Script() function to reference it in other setups.

For example, to make sure the Squeeze On code has been true for the last 2 bars when the Breakout occurs you could use something like this:

V1 = Script(SqueezeOn);
V2 = close() crossesabove bb();
V1 == 1 and V1[1] == 1 and V2 == 1

For more information on the Script() function please refer to the following article:

https://help.optuma.com/kb/faq.php?id=723