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+ | ======How do I shade the area between Bollinger Bands====== | ||
+ | //Shading the area between Bollinger Bands provides a different look that some people may prefer to the default lines. This tutorial shows how you can create those shaded bands.// | ||
+ | |||
+ | ==== Step 1: Expand the "Advanced Options" for Overlays in the SharpCharts Workbench ==== | ||
+ | |||
+ | {{:faqs:bb1.png?300|}} | ||
+ | |||
+ | Click on the green arrow on the right side of the "Overlays" section to expand. Skip to the next step if this is already done. | ||
+ | |||
+ | ==== Step 2: Add Bollinger Bands to the Chart and Select Your Options ==== | ||
+ | |||
+ | {{:faqs:bb2.png?300|}} | ||
+ | |||
+ | - Click on the dropdown to select "Bollinger Bands" and enter the parameters you want to use (20,2 is the default). | ||
+ | - Click on the "Style" dropdown and select "Area". | ||
+ | - Select a color if you want one other than "Auto" in this case we are using Gold. | ||
+ | - Click "Update". | ||
+ | |||
+ | ==== (Optional): Add Multiple Bands ==== | ||
+ | |||
+ | {{:faqs:bb3.png?nolink&300}} | ||
+ | |||
+ | You can also use multiple shaded Bollinger Bands on a chart to find what parameters best fit your style of trading. [[http://stockcharts.com/articles/chipanderson/2010/08/seeing-the-volatility-terrain-with-overlaid-bollinger-bands.html?|This blog article from Chip Anderson]] goes into more detail. To add multiple bands, repeat the process outlined in Step 2. |