Are you looking to enhance your trading strategy with the Bollinger Bandwidth indicator on MetaTrader 5? This handy tool measures the distance between the Bollinger Bands®, simplifying your analysis and making it easier to spot trading opportunities.
The latest version, specifically designed for MetaTrader 5, utilizes the iBands calculations to determine the difference between the upper and lower bandwidths. This means you'll get a clearer picture of market volatility at a glance.
One of the standout features of this version is the digits offset option. Whether you're trading pairs with 2, 3, 4, or even 5 digits, you can configure it to ensure that your readings are spot on.
However, keep in mind that you might need to tweak the digit settings a bit since not all variants have been accounted for. The good news? The code is open for you to modify, giving you the flexibility to tailor it to your unique trading style.
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