How to Set MetaTrader 4 Bollinger Bandwidth Indicators in MetaTrader 4 Chart

Step 1: Open MT4 Platform Software Navigator Window

Open MetaTrader 4 Navigator window like as displayed & shown on example put on display below: Go to the 'View' menu (press), then select the 'Navigator' window (press), or From Standard ToolBar click 'Navigator' button or press key board MetaTrader 4 short-cut keys 'Ctrl+N'

In MetaTrader 4 Navigator window, choose and select "Indicators", by Double Clicking

Bollinger Bandwidth MT4 Indicator Setting - How to Use MT4 Bollinger Bandwidth on MT4

How Do I Use MT4 Bollinger Bandwidth Indicator in MetaTrader 4 Platform Software?

How to Add Bollinger Bandwidth MT4 Indicator

Expand the menu by clicking the expand tool mark ( + ) or double-click the 'indicators' menu, afterwards this particular specified button will appear and be shown as (-) & will now indicate a list of MetaTrader 4 indicators as displayed & shown on example below - select the Bollinger Bandwidth from this list of MT4 indicators so that as you as a trader can add the Bollinger Bandwidth MetaTrader 4 indicator in MT4 chart.

How Do I Use MT4 Bollinger Bandwidth in the MT4 Platform? - Bollinger Bandwidth MT4 Indicator Setting

How Do I Use MetaTrader 4 Bollinger Bandwidth in MetaTrader 4 Software?

How Install and Add Custom Bollinger Bandwidth on the MT4 Platform?

If the MetaTrader 4 indicator that you want to add in the MT4 charts is a custom MetaTrader 4 indicator - for example if the Bollinger Bandwidth that you want to add is a custom MT4 indicator you'll need to first add this custom Bollinger Bandwidth MetaTrader 4 indicator in MT4 software & then compile custom Bollinger Bandwidth so that as the newly added Bollinger Bandwidth MT4 custom technical indicator pops up on the list of custom technical indicators in MetaTrader 4 software.

To learn how to add Bollinger Bandwidth indicators in MT4 - how do you place Bollinger Bandwidth window to MT4 software? - how do you place Bollinger Bandwidth forex custom technical indicator in MT4 Platform Software? - How to add a custom Bollinger Bandwidth custom forex indicator in the MT4 Software.

How Do You Use Bollinger Bandwidth MT4 Indicator?

Bollinger Bandwidth Analysis Buy & Sell Signals

Developed by John Bollinger.

Bollinger Bandwidth is derived from the original and initial Bollinger Band indicator.

Bandwidth is a measure of width of Bollinger Band

Calculation of Bollinger Bandwidth Indicator

Band-width = Upper Band - Lower Band

Middle Band

How to Set MT4 Bollinger Bandwidth - How Do You Use MT4 Bollinger Bandwidth on MT4 Platform Software?

How to Set MetaTrader 4 Bollinger Bandwidth Indicators in MetaTrader 4 Chart

Bollinger Bandwidth is an oscillator that is based on the theory that forex price and volatility occurs in cycles.

Periods of high forex price volatility are followed by periods of low forex price volatility.

When forex price volatility is high - Bollinger Band are far apart, the Bollinger Bandwidth indicator will also be wide apart.

When forex price volatility is low - Bollinger Band are narrow and the Bollinger Bandwidth will also not be narrow.

The Bollinger Bandwidth blue line represents the highest Bandwidth value for a previous number of price periods.

This Bollinger Bandwidth blue line also identifies periods of high forex price volatility

The Bollinger Bandwidth red line represents the lowest Bandwidth value for a previous number of price periods.

This Bollinger Bandwidth red line also identifies periods of low forex price volatility

How to Generate Buy and Sell Signals

Price Consolidation

Bollinger Bandwidth is used to identify the Bollinger Band squeeze, which is a period of price consolidation - after which there is a forex price break out in a particular direction.

Bollinger Bandwidth signals are derived & generated when there is a forex price breakout signal - which is generated by the Bollinger Bandwidth starting to go up after touching the red line. When the Bollinger Bandwidth line starts and begins to move up it signifies that fx volatility is rising as the forex price is breaking out.

Bollinger Bandwidth MT4 Indicator Settings - How Do You Use MT4 Bollinger Bandwidth on the MT4 Platform?

Bollinger Bandwidth Indicator Squeeze

How Do You Use MT4 Bollinger Bandwidth in MetaTrader 4 Software? - Bollinger Bandwidth MT4 Indicator Settings on MT4

However, Bollinger Bandwidth is a directionless forex indicator & thus it needs to be combined with another forex indicator such as the moving average to determine the direction of the trend/ price breakout.

How Do I Use MetaTrader 4 Bollinger Bandwidth on the MT4 Platform?

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