The presented indicator is prepared on the basis of well known indicator Bollinger Bands. In het kort, 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. Zo, 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. Figuur 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.
Binaire Opties Indicatoren – Download Instructions
BoDi Bollinger Digital is a Metatrader 4 (MT4) indicator en de essentie van de forex indicator is om de verzamelde historische gegevens te transformeren.
BoDi Bollinger Digital provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Op basis van deze informatie, handelaren kunnen verder koersbeweging te nemen en hun strategie aan te passen.
How to install BoDi Bollinger Digital.mq4?
- Download BoDi Bollinger Digital.mq4
- Copy BoDi Bollinger Digital.mq4 to your Metatrader Directory / experts / indicatoren /
- Starten of uw Metatrader Client herstarten
- Kies Grafiek en Tijdschema waar u wilt uw indicator testen
- Zoeken “Custom Indicatoren” in uw Navigator meestal nog in je Metatrader Client
- Right click on BoDi Bollinger Digital.mq4
- Hechten aan een grafiek
- Instellingen of druk op ok Wijzig
- Indicator BoDi Bollinger Digital.mq4 is available on your Chart
How to remove BoDi Bollinger Digital.mq4 from your Metatrader Chart?
- Selecteer het diagram, waar is de indicator loopt in je Metatrader Client
- Klik rechts in de grafiek
- “Lijst indicatoren”
- Selecteer de indicator en verwijderen
Klik hieronder om te downloaden