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Working on building a robot for tracking trades vs indicator readings and I noticed something looked funny with the bollinger_band indicator. Don't have much of a background in finance so it could be I'm misunderstanding something. You calculate the upper band as
Where that third term I believe just simplies to 1/2. I would've guessed based on how upper band is given that lower band would just be its negated version? Again, I'm a novice in finance so my thinking may just be incorrect here.
The text was updated successfully, but these errors were encountered:
Thanks for this project Alex! Awesome stuff.
Working on building a robot for tracking trades vs indicator readings and I noticed something looked funny with the bollinger_band indicator. Don't have much of a background in finance so it could be I'm misunderstanding something. You calculate the upper band as
which makes sense to me as 4 times the normalized standard dev, but then the lower band is calculated as
Where that third term I believe just simplies to 1/2. I would've guessed based on how upper band is given that lower band would just be its negated version? Again, I'm a novice in finance so my thinking may just be incorrect here.
The text was updated successfully, but these errors were encountered: