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. Figura 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.
Binarju Għażliet Indikaturi – Istruzzjonijiet Download
BoDi Bollinger Digital is a Metatrader 4 (MT4) indikatur u l-essenza ta 'l-indikatur forex huwa li tittrasforma d-dejta istorja akkumulat.
BoDi Bollinger Digital provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Ibbażat fuq din l-informazzjoni, kummerċjanti jistgħu jassumu aktar moviment tal-prezz u jaġġustaw l-istrateġija tagħhom kif xieraq.
How to install BoDi Bollinger Digital.mq4?
- Download BoDi Bollinger Digital.mq4
- Copy BoDi Bollinger Digital.mq4 to your Metatrader Directory / esperti / Indikaturi /
- Jibdew jew jerġgħu jibdew Klijent Metatrader tiegħek
- Ċart Select u Perjodu ta 'żmien fejn inti tixtieq li jittestjaw indikatur tiegħek
- Fittex “Indikaturi Custom” fil-Navigator tiegħek aktar jitħalla fil Klijent Metatrader tiegħek
- Right click on BoDi Bollinger Digital.mq4
- Waħħal għal chart
- Timmodifika settings jew ok istampa
- Indicator BoDi Bollinger Digital.mq4 is available on your Chart
How to remove BoDi Bollinger Digital.mq4 from your Metatrader Chart?
- Agħżel il-Chart fejn ikun il-Indikatur jibda fil-Metatrader Klijent tiegħek
- Right click fil-Chart
- “Indikaturi lista”
- Agħżel il-Indikatur u ħassar
Ikklikkja hawn taħt biex tniżżel
