PINE LIBRARY
McNichollBands
Library "McNichollBands"
This is a library which only functions to make the McNicholl's Bollinger Bands modifications. It's also my first library, so I'll probably screw some things up.
mcNichollBands(alpha, useLogScale, widthMultiplier)
Calculates the McNicholl's Bollinger Bands modifications.
Parameters:
alpha: The alpha constant to be used on the EMA calculations.
useLogScale: Whether to use the log version of the prices or not.
widthMultiplier: The number that shall be multiplied by the volatility to form the bands.
Returns: A tuple containing the lower band, the center line, and the upper band.
This is a library which only functions to make the McNicholl's Bollinger Bands modifications. It's also my first library, so I'll probably screw some things up.
mcNichollBands(alpha, useLogScale, widthMultiplier)
Calculates the McNicholl's Bollinger Bands modifications.
Parameters:
alpha: The alpha constant to be used on the EMA calculations.
useLogScale: Whether to use the log version of the prices or not.
widthMultiplier: The number that shall be multiplied by the volatility to form the bands.
Returns: A tuple containing the lower band, the center line, and the upper band.
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