Bollinger Bands
-
Is there a way to measure the pip distance between the upper and lower Bollinger Bands? Ex. upper band is 95.000 lower band is 94.800. 0.200 difference. Finally, open trade when distance between bands is greater than X amount.
Thank you,
-
The easiest way is to use Formula block to calculate the difference, and then use it's result in another block. Note that the result will be in what I call "digits" format (for example 0.0010).
-
Thanks did that with the formula block. Where do I need to connect the formula block, at the top before the condition or anywhere in the ea. Ex. right after the No Trade Running block?
-
Connect it where you need to do that calculation. I guess, just before the block where you will use Formula's result.
-
Thanks a lot.