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Published:

6 June 2018, 13:47

Volatility_Band.mq5 (17.64 KB) view

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The Volatility Bands indicator is similar to the standard Bollinger Bands.

It has four input parameters:

Period Band - period for calculating the bands
Period - period for smoothing the bands
Deviation factor - affects the range of the bands. The lower the value, the wider the range
Low band adjustment - adjustment of the lower band

Fig.1. Default parameters

Fig.2. Low band adjustment = 0.5

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20383

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Volatility_Band - indicator for MetaTrader 5