Volatility_Band – indicator MetaTrader 5

The Volatility Bands indicator is similar to the standard Bollinger Bands.

It has four input parameters:

  • Period Band – period for calculating the bands
  • Period – period for smoothing the bands
  • Deviation factor – affects the range of the bands. The lower the value, the wider the range
  • Low band adjustment – adjustment of the lower band

Fig.1. Default parameters

Fig.2. Low band adjustment = 0.5


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