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BBWidth 3Lines

FREE

Published: 14 July 2025

Current version: 1.0

BBWidth 3Lines

Indicators
Etsushi Ishizuka
Etsushi Ishizuka
Free at Tokyo

Japan

5650
3.6 (3)
23 products 2 topics 1 comment
Version: 1.0

Overview

BBWidth 3Lines is a custom indicator that visualizes the width between the upper and lower Bollinger Bands (i.e., +σ minus −σ) as a line in a separate subwindow. The value is expressed in points, not in price.

While conventional Bollinger Bands are often used to assess price deviation or band touch, this tool focuses exclusively on the width of the bands, allowing you to analyze market volatility visually and precisely.

Key Features

Displays the difference between the upper and lower Bollinger Bands in point units as a continuous line
Supports up to 3 customizable deviation lines (e.g., 1σ, 2σ, 3σ), each with individual visibility and color settings
Each line can be shown or hidden independently, offering flexible control over the display
Color-coded for better visibility (e.g., Aqua, Lime, YellowGreen)
Drawn in a separate subwindow, keeping the main chart clean and uncluttered
Clearly identifies volatility conditions such as squeezes (contraction) and expansions (increase in volatility)
Supports optional level lines to serve as filters, helping you avoid trading in low-volatility conditions
Suitable for both simple one-line display and advanced multi-line analysis
Lightweight design ensures smooth performance, even on live charts

Use Cases

Detecting volatility changes visually to anticipate market acceleration or breakouts
Using level lines to restrict trades in quiet, low-volatility market conditions
Comparing multiple σ deviations simultaneously for multi-dimensional volatility assessment

Parameters

ShowBand1 / Band1Deviation: Toggle and deviation value for the first band line
ShowBand2 / Band2Deviation: Toggle and deviation value for the second band line
ShowBand3 / Band3Deviation: Toggle and deviation value for the third band line
BBPeriod: Bollinger Band calculation period (moving average base)
BBAppliedPrice: Price type used for calculation (Close, Open, High, Low, etc.)

Notes

This indicator does not draw traditional Bollinger Bands on the main chart.
It is designed for auxiliary analysis, focusing solely on numerical changes in band width, not price deviation.

About the Developer

This indicator was developed to support more effective volatility analysis and improve strategy-based trading decisions.

It is provided by TOKYO-EA, a developer known for offering high-quality and free EAs and indicators for MetaTrader platforms.

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Overview The True Strength Index (TSI) indicator is a momentum oscillator plotted in a separate window on MT4. It smooths the momentum (MTM) and its absolute value through two successive Exponential Moving Averages (EMAs) and then computes their ratio multiplied by 100. TSI helps visualize trend strength and potential turning points in the market. Key Features Dual-EMA smoothing to reduce noise and produce a clean line Signal EMA overlay to assist with entry and exit timing Auto-scaled range fro

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PositionClose | All Position Close Script for MT4 PositionClose is a utility script for MetaTrader 4 (MT4) designed to help traders efficiently manage their positions. With a single click, you can close all open positions instantly, or selectively close only buy or only sell positions. This tool is especially useful during sudden market movements, important news releases, or any situation where rapid risk reduction or position adjustment is needed. PositionClose is suitable for both discretionar

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RCI (Rank Correlation Index) Indicator Overview The RCI (Rank Correlation Index) indicator is an oscillator-based tool that analyzes market trends and possible turning points by measuring the rank correlation of price data. It quantifies the correlation between price ranking and time ranking over a specified period, displaying values from -100 to +100 as a simple line. RCI is widely used for gauging market momentum, timing entries and exits, and can support both trend-following and counter-tren

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Heikin Ashi Binary – Visual Trend Support Indicator with Binary Display Overview Heikin Ashi Binary is an indicator for MetaTrader that displays Heikin Ashi trend information in binary (two-value) format in a subwindow. Instead of candlestick shapes, it draws bullish (uptrend) and bearish (downtrend) conditions as simple colored blocks. This allows you to quickly identify trend continuations or possible reversals at a glance. The indicator is suitable for discretionary trading, EAs (automated tr

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PartialAutoClose EA is a utility EA that enables semi-automatic and flexible management of positions opened by manual or discretionary trading. [Main Features] - Choose from two exit logic types: Automatically closes positions based on either Heikin Ashi color change or moving average cross. - Automatic break-even stop When a specified profit is reached, the stop loss is automatically moved to break-even (or a user-defined level). - Partial or full close selectable On exit signal,

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Product Description RSI TrendGate 3MA is an MT4/MT5 chart indicator designed for trend direction confirmation. It evaluates trend direction using a combination of three Moving Averages (MA) and the Relative Strength Index (RSI), and displays arrows in the chart window when the direction state changes according to the selected conditions. This indicator is not intended to be used as a standalone entry signal. A recommended workflow is to confirm direction on a higher timeframe and apply your own

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SmoothedRSI is a custom indicator that calculates a standard RSI and then applies a smoothing method to the RSI values. The indicator displays only the smoothed RSI line in a separate window. The output range is 0 to 100. RSI can react strongly to short-term price fluctuations, which may increase small oscillations depending on market conditions. This indicator smooths the RSI values to reduce short-term noise and make broader momentum changes easier to observe. Core Specifications Display: one

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CurrencyStrength – Real-Time Currency Strength Ranking CurrencyStrength is a utility EA that quantifies the strength of the eight major currencies (USD, EUR, JPY, GBP, CHF, AUD, CAD, NZD) in real time, displaying the results as a visually intuitive ranking based on rate of change. By visualizing currency strength every second, this tool greatly enhances the accuracy of currency pair selection and trade decisions for both discretionary and automated traders. Main Features Calculates and updates

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Overview of the Aroon Classic Indicator The Aroon Classic indicator is a technical tool that quantitatively identifies the emergence and persistence of trends on a chart. It uses two lines—“Aroon Up” and “Aroon Down”—to display trend strength and turning points within a range of 0–100. A higher Aroon Up value indicates a stronger uptrend, while a higher Aroon Down value indicates a stronger downtrend. Key Features Visually distinguishes trend initiation and reversal Customizable calculation peri

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TMA Classic – Overview of the Triangular Moving Average Indicator The TMA Classic is a very simple and lightweight indicator that displays the Triangular Moving Average (TMA) as a single smooth line. It effectively removes excessive noise and captures the central movement of prices, making it useful for identifying trend direction and range-bound market conditions. Since it only displays a single line, it offers high visibility on the chart without interfering with other indicators or candlestic

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BB-Sub – Bollinger Bands in Subwindow BB-Sub is a simple yet powerful indicator that displays Bollinger Bands independently in the subwindow of your chart. Unlike standard Bollinger Bands, which are shown on the main chart, BB-Sub operates in a separate subwindow. This prevents overlapping with candlesticks or other indicators, making it ideal for traders who want to focus purely on the movement and shape changes of the bands. Main Features Simultaneously displays the upper band, lower band, and

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ExportRange is a utility script designed to export candle range data from any selected timeframe into a CSV file. It collects the high, low, and range values of each bar, along with the bar time and index. The script helps traders who need simple and reliable data for statistical or volatility analysis. When the script is applied to a chart, it extracts the specified number of bars and saves the output in CSV format inside the terminal’s Files directory. Both the number of bars and the timeframe

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OvertradeShield – Utility EA to Prevent Overtrading in Discretionary Trading Have you ever regretted making “just one more” trade in discretionary trading? OvertradeShield is a utility-type EA that automatically limits and alerts entries based on realized profit and loss, supporting your trading rules and mental discipline. It is ideal for traders who want to keep daily profits and losses in mind, prevent overtrading, and enforce profit and loss rules systematically. Since entries are discretion

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Etsushi Ishizuka

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