Bollinger bands histogram mt4



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This indicator takes the current Width of the Bollinger Bands and compares it to the Maximum and Minimum Width of the Bollinger Bands over N periods WidthCalcPeriod. If the calculated percentage is less than or equal to MinRangePercent, then the histogram shows Green. If neither of those match, the histogram shows Red.

This works out well to quickly see if the currency pair is ranging, or about to break out of range. If you set ShowWidthLine to true, then it will also show a line with the actual width of the Bollinger Bands in PIPS. RELATED ARTICLES MORE FROM AUTHOR. LEAVE A REPLY Cancel reply. Currently you have JavaScript disabled.

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How to use Bollinger Bands on MT4


MACD Bollinger Bands (MACD BB Bollinger Bands are a technical trading tool created by John Bollinger in choose either to view it as a line or as a histogram.
The best Bollinger Bands indicator for NinjaTrader day trading software. Recommended for forex and futures trading.
This indicator takes the current Width of the Bollinger Bands and compares it to the Maximum and Minimum Width of the Bollinger Bands over N periods.

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