Sigma Bands

# Sigma Bands

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In essence, this is an advanced version of the Bollinger Bands

Specifically, in this indicator I have studied the movement of the price for a certain number of bars (BarsCount = 200). For this purpose, the MA with a period of 1 was used (MAPeriod). For that matter, any MA and any number of bars could have been used for analysis. Saboda, two channels will be plotted. One displays the limits where the price ranges 68% of the time for the specified number of bars. The other shows the limits where the price ranges 95% of the time for the specified number of bars.

The Sigma Bands with the default parameters is almost identical to the Bollinger Bands with the same period, equal toBarsCount. But this version has the ability to plot Bollinger Bands not only with any period by changing theBarsCount,but also to plot is based on the selected MA type with any period.

Supported MA types:

• Simple MA
• Exponential MA
• Smoothed MA
• Linear-weighted MA

Prices that can be used for plotting the channel:

• Close price
• Open price
• The maximum price for the period (high)
• The minimum price for the period (low)
• Median price (high + low)/2,
• Typical price (high + low + kusa da)/3
• Weighted close price (high + low + kusa da + kusa da)/4

All these settings are not available for the standard Bollinger Bands.

By learning how to determine the limits where any indicator or price ranges most of the time, I eneded up with making an example of calculating the standard deviation and Sigma implemented as this indicator. Its formulas can now be adapted for any indicator you like. Sometimes, interesting results can be obtained for indicators that are plotted in separate windows, misali, the RSITVI or others.

Yabo:

The difference between conventional Bollinger Bands and Sigma Bands can be seen only when using non-default settings andMAPeriod > 1.

Saituna:

```int MAPeriod = 1; // MA Period
int BarsCount = 200; // Bars for calculating the deviation (Sigma)
int TypeBandsMA = 0; // Type of MA for Bands
int TypePriceMA = 0; // Applied price of MA
color MAColor = clrNONE; // MA color
```

The analyzed MA is colorless by default. If you want to see it, set a color in the MAColor siga.

Sigma Bands is a Metatrader 4 (MT4) nuna alama da jigon da forex nuna alama shi ne ya canza da tara tarihin bayanai.

Sigma Bands provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Bisa ga wannan bayani, yan kasuwa na iya zaton kara farashin motsi da kuma daidaita su dabarun daidai da.

How to install Sigma Bands.mq4?

• Copy Sigma Bands.mq4 to your Metatrader Directory / masana / Manuniya /
• Fara ko zata sake farawa da Metatrader Client
• Zaži Chart kuma isa kasashen Turai, inda kana so ka gwada ka nuna alama
• Bincike “Custom Manuniya” a cikin Navigator mafi yawa bar a cikin Metatrader Client
• Right click on Sigma Bands.mq4
• Hašawa zuwa ginshiƙi
• Gyara saituna ko latsa lafiya
• Indicator Sigma Bands.mq4 is available on your Chart