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Views:: 5740
Rating:: (9)
Published:: 2018.10.25 18:20

Bollinger_Bandwidth_Delta.mq5 (11.12 KB) view

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Bollinger Bandwidth Delta oscillator displays a relative width of Bollinger Bands for a specified period of time.

There are five inputs:

BB period - Bollinger Bands calculation period
BB deviation - Bollinger Bands deviation value
Delta period - indicator calculation period
Applied price
Show data in percentage - display calculated correlation of the bands width in % (Yes/No)

Calculation:

In %:

BBD = 100.0 * (Bandwidth-DeltaBandwidth) / DeltaBandwidth

In points:

BBD = (Bandwidth-DeltaBandwidth) / Points

where:

Bandwidth = 2.0 * BB deviation * StdDev/MA
DeltaBandwidth - Bandwidth Delta value 'period' bars ago
StdDev - Standard Deviation(Applied price,BB period)
MA = SMA(Applied price,BB period)

Fig. 1. Bollinger Bandwidth Delta in points

Fig. 2. Bollinger Bandwidth Delta in %

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22342

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