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2010.07.14 16:19
Indicators

BB 3sigma - indicator for MetaTrader 5

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Published by:
imchurch
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votes: 14
bb_3sigma.mq5 (7.78 KB)view

Bollinger Bands +-3sigma.

You can change period and sigma ratio (Proper size of Deviation is 0.5~1.0).

Bollinger Bands Indicator (BB) is similar to Envelopes. The only difference is that the bands of Envelopes are plotted a fixed distance (%) away from the moving average, while the Bollinger Bands are plotted a certain number of standard deviations away from it. Standard deviation is a measure of volatility, therefore Bollinger Bands adjust themselves to the market conditions. When the markets become more volatile, the bands widen and they contract during less volatile periods.

BB 3sigma

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