BoDi Bollinger Digital

BoDi Bollinger Digital


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. Figure 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:


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.


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BoDi Bollinger Digital is a Metatrader 4 (MT4) egosi na ọdịdị zuru oke nke Forex egosi bụ ịgbanwe akwakọba akụkọ ihe mere eme data.

BoDi Bollinger Digital provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Dabere na nke a ọmụma, ahịa pụrụ iche n'ihu price ije na ịgbanwe ha atụmatụ ya.

How to install BoDi Bollinger Digital.mq4?

  • Download BoDi Bollinger Digital.mq4
  • Copy BoDi Bollinger Digital.mq4 to your Metatrader Directory / ọkachamara / egosi /
  • Malite ma ọ bụ Malitegharịa ekwentị gị Metatrader Client
  • Họrọ Chart na timeframe ebe ị chọrọ iji nwalee gị egosi
  • Search “Omenala Indicators” gị akwọ ụgbọ mmiri na-akasị hapụrụ gị Metatrader Client
  • Right click on BoDi Bollinger Digital.mq4
  • Gbakwunye ka a chaatị
  • Gbanwee ntọala ma ọ bụ pịa OK
  • Indicator BoDi Bollinger Digital.mq4 is available on your Chart

How to remove BoDi Bollinger Digital.mq4 from your Metatrader Chart?

  • Họrọ Chart ebe bụ egosi na-agba ọsọ gị Metatrader Client
  • Right pịa n'ime Chart
  • “Indicators ndepụta”
  • Họrọ egosi na ihichapụ

Click below to download

BoDi Bollinger Digital


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