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. Shifër 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.
Opsionet Binary Treguesit – Shkarko Udhëzime
BoDi Bollinger Digital is a Metatrader 4 (MT4) tregues dhe thelbi i treguesit Forex është për të transformuar të dhënat e akumuluar historisë.
BoDi Bollinger Digital provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Bazuar në këtë informacion, tregtarët mund të supozojmë lëvizje të mëtejshme të çmimeve dhe për të përshtatur strategjinë e tyre në përputhje me rrethanat.
How to install BoDi Bollinger Digital.mq4?
- Download BoDi Bollinger Digital.mq4
- Copy BoDi Bollinger Digital.mq4 to your Metatrader Directory / Ekspertët / treguesit /
- Filloni ose restart Metatrader Klientin tuaj
- Zgjidh Chart dhe Afati ku ju doni të testuar treguesin tuaj
- Kërkim “Treguesit Custom” në Navigator tuaj lihet kryesisht në Metatrader Klientit tuaj
- Right click on BoDi Bollinger Digital.mq4
- Bashkangjit një tabelë
- Modifikoni cilësimet ose Shtypni OK
- Indicator BoDi Bollinger Digital.mq4 is available on your Chart
How to remove BoDi Bollinger Digital.mq4 from your Metatrader Chart?
- Zgjidhni Chart ku është Treguesi kandidon në Metatrader Klientit tuaj
- Right click në Chart
- “Lista treguesit”
- Zgjidhni Treguesi dhe fshini
Click below to download
