BBWidth 3Lines

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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Scalping Points Pro is an indicator that shows possible price reversal points on the chart and does not redraw its signals. Also, the indicator sends signals to the trader via Email and Push. The accuracy of the signals of this indicator is approximately 92-94% on the M5 timeframe and more than 95% on the H1 timeframe. Thus, this indicator allows the trader to accurately open trades and predict further price movement. The indicator does not redraw its signals.  The indicator works on timeframe
PZ Wedges
PZ TRADING SLU
3 (2)
Indicators
Boost your trading precision with the versatile wedges tool The PZ Wedges Indicator is a technical analysis tool that helps traders identify potential continuation patterns in the market. These patterns, known as wedges, are formed when the price of an asset consolidates within a narrowing range, bounded by upward or downward converging trendlines. Wedges are considered to be continuation patterns because they often precede a breakout in the direction of the preceding trend. When a wedge pattern
Matrix Arrow Indicator MT4
Juvenille Emperor Limited
5 (3)
Indicators
Matrix Arrow Indicator MT4  is a unique 10 in 1 trend following 100% non-repainting  multi-timeframe indicator that can be used on all symbols/instruments: forex, commodities, cryptocurrencies, indices, stocks.  Matrix Arrow Indicator MT4 will determine the current trend at its early stages, gathering information and data from up to 10 standard indicators, which are: Average Directional Movement Index (ADX) Commodity Channel Index (CCI) Classic Heiken Ashi candles Moving Average Moving Avera
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RCI Indicator
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OvertradeShield
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