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Could anyone of you explain the indicator BBWidthRatio?

1 replies

6 years ago #203147

Hi everyone,

I am struggling to understand the exact formula for BBWidthRatio. Even after I read the mq4 file several times, I got ever more confused. Could anyone of you explain this indicator to me in a simple manner?

Thanks a lot!

6 years ago #203150

It is like the calculation of ATR,

it is the ratio value between the upper and the lower BB,

if the market going sideways the BB is always calming down and acting like a channel,

but its when the breakout happens and the BB are getting wide all of a sudden and thats what its all about,

with BBWidthRatio just like with ATR you can measure the markets volatility.

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