Additional Info Add a Comment The Developer About Developer

// Normalized Bollinger Bands
// version beta 0.1
// Author: TAMS
// Date: 20100630
// Copyright: TAMS
// License: personal use only
// Terms: this header must be retained
//
// Description:
// This indicator plots the normalized Bollinger Bands,
// with normalized price bars overlaying the band widths
// The band widths are colored cyan when they are expanding,
// and light gray when they are contracting.
//
// The Bollinger Bands can be calculated
// using exponential moving average (Use.Xavg = true),
// or simple moving average (Use.Xavg = false).
//
// note:
// this indicator was written with MultiCharts.
// I have not tested it on other EasyLanguage compatible software.
//

A thorough read of Bollinger on Bollinger Bands is recommended.

Comments and suggestions are welcome.
You are invited to post your enhancements.