Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Indicators

Bollinger Bandwidth 2 - indicator for MetaTrader 4

| English Español Português 日本語 Deutsch Русский

Views:
15731
Rating:
votes: 6
Published:
2009.04.11 09:26
Updated:
2014.04.21 14:53

This tool combines the original Bands with Bollinger Bandwidth and removes the extra window for Bollinger Bandwidth. Instead Bandwidth is now a value in text object in the top left corner. This makes more efficient use of the chart space and still allows you to see the value of the bollinger bandwidth in a single location. Because this is combined with Bands, it will still create a bollinger band lines on your chart.

Bollinger Bandwidth Bollinger Bandwidth

An investigation of the Bollinger band has shown that when the bandwidth (distance between the top and bottom bands) is below 4, the market is compressed and about to break out. When the bandwidth reaches 11, there is a strong wave for scalp trading. Be

Indicator Strength Indicator Strength

Basic indicator that displays the strength of a move, based either on either moving averages, MACD, or stochastics.

Trend Indicator Trend Indicator

This indicator is used to show the trend of the 30 min charts. You can then apply your Long Strategy when the market is UP and Short Strategy when the market is DOWN.

Indicator %BB Indicator %BB

%BB is indicator comes from Bollinger Bands.