The presented indicator is prepared on the basis of well known indicator Bollinger Bands. In short, Bollinger Bands consists of two lines that are situated above and below of moving average plotted of a certain number of standard deviations away from it. In case of high volatility lines become wider, during less volatile periods they become narrower. So, these bands show borders of possible price movement.
Observation of the Bollingers behavior has revealed another interesting pattern. The widening of the channel indicates the formation of bullish or bearish type of the price movement. In my opinion it is not possible to find the starting point of such movement, because as a rule it becomes clear at the end. However, this moment may be adopted to find the point of extinction of the impulse. Фігура 1 shows that the narrowing of the Bollinger Bands channel is correlated with the moment of the break in struggle between bears and bulls.
For traders convenience, it is prepared indicator, which calculates difference between upper and lower lines of Bollinger Bands, which is plotted in a separate window as a histogram. Because of the lack the description in the literature the indicator with a similar algorithm, for the purpose of this publication I decided to call it BoDi (Bollinger’s Difference) (Fig. 1).
Fig. 1. Indicator Bollinger Bands (on the chart) and BoDi (under chart)
Indicator is calculated on the following formulas:
1. Bollinger Bands:
where:
D – number of standard deviations,
y – price for i bar,
n – number of periods used for calculations,
UpperBB and LoweBB – upper and lower lines of Bollinger Bands.
Бінарныя апцыёны Індыкатары – Інструкцыі па загрузцы
BoDi Bollinger Digital is a Metatrader 4 (MT4) Індыкатар і сутнасць форекс-індыкатара заключаецца ў пераўтварэнні назапашаных гістарычных дадзеных.
BoDi Bollinger Digital provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
На падставе гэтай інфармацыі, трэйдары могуць выказаць здагадку далейшае рух цэны і карэктаваць свае стратэгіі, адпаведна,.
How to install BoDi Bollinger Digital.mq4?
- Download BoDi Bollinger Digital.mq4
- Copy BoDi Bollinger Digital.mq4 to your Metatrader Directory / эксперты / паказчыкі /
- Запусціце або перазапусціце ваш Metatrader Client
- Выберыце Дыяграма і тэрміны, дзе вы хочаце, каб праверыць свой індыкатар
- Пошук “Прыстасаваныя індыкатары” у навігатары ў асноўным засталося ў Metatrader Client
- Right click on BoDi Bollinger Digital.mq4
- Далучыць да графіку
- Змяніць налады або націсніце кнопку ОК
- Indicator BoDi Bollinger Digital.mq4 is available on your Chart
How to remove BoDi Bollinger Digital.mq4 from your Metatrader Chart?
- Выберыце схему, дзе ёсць Індыкатар працуе ў Metatrader Client
- Пстрыкніце правай кнопкай мышы на графік
- “Спіс індыкатараў”
- Выберыце індыкатар і выдаляць
Націсніце ніжэй, каб загрузіць
