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trader6823

Add indicator on top off and oscillator?

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I was wondering if it is possible to add customizable bollinger bands as an overlay on top of an oscillator such as the RSI? If not is this something that could be added?

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If you mean bollinger bands that have the oscillator as an input - yes, it is possible to do with Advanced Paintbars. See https://www.medvedtrader.com/trader/WebHelp/advanced___enhancing_an_indica.htm

 

For Bollinger Bands you'd have to basically calc the SMA and add/subtract mult*StDev

If you are not a programmer that could be difficult. Later today I guess I can post detailed instructions on how to do that here.

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Here are the two paintbar files. Add these two underneath your RSI and link them together. One is for upper BB line, the other is for lower BB line. You can change the parameters in the paintbars to modify the Bollinger Bands. Make sure to make the paintbar widths minimal (2) and make the shape something like a triangle so that they don't interfere in drawing the lines.

This is not the best or most elegant solution. Paintbars are really not fully suitable to create new indicators. But the custom indicator editor is not there yet.

BBforRSI.PBExport

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