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Measure volatility with more options and a cleaner chart

Bollinger Bands Histogram

The Bollinger Bands Histogram does a fantastic job of gauging imminent trends while making your chart look nice and clean.

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Bollinger Bands Histogram

Bollinger Bands Histogram $69.00

The Bollinger Bands Histogram does a fantastic job of gauging imminent trends while making your chart look nice and clean.

Your price: $69.00

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The Bollinger Bands Histogram offers you a better, clean way of forecasting significant price advance or decline. The theory is that periods of low volatility are followed by periods of high volatility.

When volatility falls to a very low level then the histogram is small. After that price surges and subsequent band break signals the start of a new move. A new advance starts with a small histogram and subsequent break above the upper band. A new decline starts with a small histogram and subsequent break below the lower band.

If you do not like to have many indicators on your charts, the Bollinger Bands Histogram is the indicator for you. The Bollinger Bands Histogram does a fantastic job of gauging imminent trends. The indicator keeps things simple and flexible. You have all the power of band squeeze foreshadowing of big moves in a clean histogram in lower chart.

If you are the experimenting type, Bollinger Bands Histogram enables you to work with other moving averages as your Bollinger Band mid-line (SMA, EMA, HMA, TMA, TEMA, WMA). In addition, it can display an average of the band movement. You can adjust the parameters to suit your own style.

Features summary

  • Forecasts significant price changes.
  • Clean chart. The indicator keeps things simple and flexible.
  • Fully configurable. Set plot styles and colors that suit the best for you.

How to use

Please note that the Bollinger Bands Histogram can be employed in many roles. A possible example of usage:

  • When volatility falls to a very low level then the histogram is small.
  • After that price surges and subsequent band break signals the start of a new move.
  • Enter long when line crosses above.
  • Enter short when line crosses below.

When volatility falls to a very low level then the histogram is small. After that price surges and subsequent band break signals the start of a new move. A new advance starts with a small histogram and subsequent break above the upper band. A new decline starts with a small histogram and subsequent break below the lower band.

Requirements

  • This indicator requires NinjaTrader version 7

Installation

  1. Save the zip-file (no need to unzip) to the location of your choice

  2. Go to menu Control Center -> File -> Utilities -> Import NinjaScript...

  3. Select the saved zip-file in the opened dialog

  4. If everything is OK you will see a confirmation (otherwise an error will be displayed)

  5. Restart NinjaTrader and you are good to go!