| Description |
The Bollinger Width Oscillator is a simple extension of the Bollinger Bands using the closing price. Essentially the Bollinger Width Oscillator computes the position of the closing price relative to the width of the Bollinger Bands.
This oscillator ranges from -100 to 100. Where a value above 100 indicates the closing price is above the upper band and a value of -100 would indicate the price is below the lower band. Similarly, a value at 0 indicates the price is centered on the median Bollinger line (or moving average.)
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