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. Nanging, 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.
Binar Pilihan pratondho – Download Instructions
BoDi Bollinger Digital is a Metatrader 4 (MT4) Indikator lan pet Indikator forex kanggo ndandani data sajarah nambah.
BoDi Bollinger Digital provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Adhedhasar informasi iki, pedagang bisa nganggep pergerakan rega luwih lan nyetel strategi sing sakcukupe.
How to install BoDi Bollinger Digital.mq4?
- Download BoDi Bollinger Digital.mq4
- Copy BoDi Bollinger Digital.mq4 to your Metatrader Directory / ahli / pratondho /
- Miwiti utawa miwiti maneh MetaTrader Klien Panjenengan
- Pilih Chart lan Timeframe ngendi sampeyan pengin nyoba Indikator Panjenengan
- Search “Pratondho Custom” ing Navigator Panjenengan biasane kiwa ing MetaTrader Klien Panjenengan
- Right click on BoDi Bollinger Digital.mq4
- Masang kanggo grafik
- Ngowahi setelan utawa penet ok
- Indicator BoDi Bollinger Digital.mq4 is available on your Chart
How to remove BoDi Bollinger Digital.mq4 from your Metatrader Chart?
- Pilih Chart where is Indikator mlaku ing MetaTrader Klien Panjenengan
- Klik-tengen menyang Chart ing
- “Dhaftar pratondho”
- Pilih Indikator lan mbusak
Click below to download