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
Similar MetaTrader Trading Tools:
