Indicator BoDi. – indicator MetaTrader 4

Indicator BoDi. - indicator for MetaTrader 4
The presented indicator is prepared on the basis of well known indicator Bollinger Bands. In short, Bollinger Bands consists of two lines that are situated above and below of moving average plotted of a certain number of standard deviations away from it. In case of high volatility lines become wider, during less volatile periods they … Read more

BoDi – indicator MetaTrader 5

Fig1. The BoDi indicator
Real author: paladin80 The principles of plotting this indicator, calculation formula, interpretation, algorithm for Expert Advisors and suggested parameters are described in the Forex Magazine №438. This indicator is calculated as the difference between the upper and lower Bollinger Bands. You may find that during upward or downward impulse movement of the price the bands … Read more