The Bollinger Bands functions are based on methods developed by John Bollinger. They compute a pair of data values based on the moving average of the input value series.
Each value is derived by calculating a specified number of standard deviations based on the moving average of the selected input value series. Applications of Bollinger Bands include the measurement of stock price volatility.
Upper Bollinger Band:
Lower Bollinger Band:
The Bollinger Bands functions require the following input:
- d0 - The input data values for which the Bollinger Bands function is calculated.
The Bollinger Bands functions accept the following parameters:
- s0 - Period - The number of time periods to use in the calculation. Default value is 10.
- s1 - Standard Deviation Shift - The number of standard deviations that is used to determine the values of the Upper and Lower Bollinger Bands in relation to the simple moving average. Default value is 2.
- Alignment (Optional) – Hierarchy placeholder to be used as the alignment axis.
The Bollinger Bands functions generate the following output:
- Upper Bollinger Band - The Upper Bollinger Band result set.
- Lower Bollinger Band - The Lower Bollinger Band result set.