Bollinger Band Squeeze written by NinjaTrader_MichaelM

[shocdoc]

Hello, I am messing around with this indicator NT_MichaelM wrote https://ninjatraderecosystem.com/use...band-sqeeze-2/. I can't figure something out and am wondering if he or someone else can help me. The "scale" that the BB Band Width reads out seems to vary from instrument to instrument, but usually has values between 0 and .2, though I've seen higher at the top end. I am just not sure how to read this since the BB Bandwidth scale John Bollinger developed runs from 0% to 100% (and above). In this version, I am not sure what "0.04" at the bottom end and "0.18" at the top end signify. Thanks for any direction you can give.

[NinjaTrader_Kate]

Hello shocdoc,

Thank you for your post.

If we look at the actual code for this indicator, we can see that what gets plotted by this particular indicator is simply the current price of the upper band minus the current price of the lower band, divided by the current SMA(20) value for the primary series:

if (CurrentBar > Period)
{
Plot0[0] = (Bollinger(Deviation,Period).Upper[0] - Bollinger(Deviation,Period).Lower[0])/SMA(20)[0];

}
else
{
Plot0[0] = 0;
}

I would not expect this to plot in percentages as it's simply not designed to do so.

Please let us know if we may be of further assistance to you.

[shocdoc]

Very good. Thank you.

[Nyman]

Hello Everyone,

Can someone please help me convert this indicator for intraday trading?

[NinjaTrader_Kate]

Hello Nyman,

Thank you for your reply.

In the support department at NinjaTrader we do not create, debug, or modify code for our clients. This is so that we can maintain a high level of service for all of our clients as well as our vendors.

However, I will leave this thread open in case one of our users would be willing to assist.

If you are interested in services in having the code written for you, I can have a representative of our EcoSystem reach out with more information on NinjaScript consultants who will be happy to do so.

Please let us know if we may be of further assistance to you.