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Bollinger Bands Basics Mean reversion is when an assets mean is identified in order to determine whether the assets price is moving back to that point.
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Hi Phil. K and R Copyright John Bollinger 2012 Use hukum forex jakim data from the chart data("x") data to use myClose close(x) myHigh high(x) myLow low(x) Lookback period len 10 K K (myClose - movmin(myClose, len)) (movmax(myClose, len) - hukum forex jakim, len)) K1 (myClose - movmin(myLow, len)) (movmax(myHigh, len) hukum forex jakim movmin(myLow, len)) R R (movmax(myClose, len) - myClose) (movmax(myClose, len) - movmin(myClose, len)) R1 (movmax(myHigh, len) - myClose) (movmax(myHigh, len) - movmin(myLow, len)) K and R plot1 plot(K, "K - single series", "line", "0000FF") plot2 plot(R, "R - single series", "line", "FF0000") K1 and R1 plot3 plot(K1, "K1 - high and low", "line", "0000FF") plot4 plot(R1, "R1 - high and low", "line", "FF0000") Black reference lines with no labels ref1 plot(0.
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