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Bollinger Bandwidth indicator

  • #1
  • First Post: Jul 11, 2007 6:33pm Jul 11, 2007 6:33pm
displays the bollinger band width in a separate indicator window.

http://www.fxstreet.com/education/te...006-06-14.html

don't know if link is still active
Attached File(s)
File Type: ex4 Bandwidth Indicator.ex4   3 KB | 7,644 downloads
  • #2
  • Jul 16, 2007 5:33pm Jul 16, 2007 5:33pm
Thanks fxid10t for posting this indicator.

I installed this on my MT4 platform and it seems to be functioning, however the output value posted in the data window for any given bar is not accurate with the data shown for that bar from a default BB indicator. (upper band value - lower band value). I might be doing something wrong but I can't find any settings that might not be set correctly. (default (20/2) on both).

This is exactly the indicator that I'm looking for for a research project that I'm on if I can get it to output the actual difference between the bands accurately.

Thanks for your help.


M
"You can make money or you can make excuses, you can't do both". unknown
  • #3
  • Jul 17, 2007 9:55pm Jul 17, 2007 9:55pm
Quoting mpotis
Thanks fxid10t for posting this indicator.

I installed this on my MT4 platform and it seems to be functioning, however the output value posted in the data window for any given bar is not accurate with the data shown for that bar from a default BB indicator. (upper band value - lower band value). I might be doing something wrong but I can't find any settings that might not be set correctly. (default (20/2) on both).

This is exactly the indicator that I'm looking for for a research project that I'm on if I can get it to output the actual difference between the bands accurately.

Thanks for your help.


M
The formula is BWI = ( UB – LB ) / MB, from the article posted at http://www.fxstreet.com/education/te...006-06-14.html .

Attached is the source code. Modify as you wish.

regards, t.
Attached File(s)
File Type: mq4 Bandwidth Indicator.mq4   2 KB | 6,304 downloads
  • #4
  • Jul 18, 2007 2:54pm Jul 18, 2007 2:54pm
Quoting fxid10t
The formula is BWI = ( UB – LB ) / MB, from the article posted at http://www.fxstreet.com/education/te...006-06-14.html .

Attached is the source code. Modify as you wish.

regards, t.

Thanks fx!

I appreciate your help.

M
"You can make money or you can make excuses, you can't do both". unknown
  • #5
  • Last Post: Jun 25, 2018 2:59pm Jun 25, 2018 2:59pm
The indicator is out of date. I updated it by removing the dot-notation (MetaQuotes removed this functionality because they introduced OOP aspects).
Attached File(s)
File Type: mq4 Bandwidth Indicator.mq4   3 KB | 1,550 downloads
File Type: ex4 Bandwidth Indicator.ex4   8 KB | 1,074 downloads
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