Volitility BB Indicator
Platform: MT4 Type: Volatility Last update: August 31, 2024The Volitility BB Indicator for MT4 measures and displays the volatility of the Bollinger Bands. That forex indicator doesn’t provide trading signals, but is used to get know a degree of Bollinger Band variation of an asset.
A trader should pay attention to periods of low volatility and high volatility.
The Volitility BB Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
Example trade with the Volitility BB Indicator
Below is the screenshot of an example trade with the Volitility BB Indicator.
As you can see on the chart above, the volatility of Bollinger Bands was really low for the period on the left side of that chart. However, a bit later it increased drastically and reached 100%.
Such a meaningful shift of volatility provides a high probability of powerful market movement. The price was below the middle line of the BB, therefore it was an opportunity for a short trade.
