Skip to content
All library documents

BB ATR Oscillator: Bollinger Band Width Adjusted by Average True Range

Article MQL5 code base
Read the original

Summary

The document defines a technical indicator that combines Bollinger Band width with average true range. Its stated calculation takes the distance between the upper and lower Bollinger Bands and subtracts average true range multiplied by a configurable multiplier. The indicator has four adjustable inputs: the ATR calculation period, ATR multiplier, Bollinger Band period, and band deviation.

This formula describes an indicator construction, not a complete trading strategy. The text does not specify how to interpret positive or negative readings, what thresholds might signal a trade, or how the measure should be validated across assets and timeframes. It provides no empirical results or comparison with standalone volatility measures. Users would need to choose parameter values and test how the output behaves before using it for signals or risk decisions.

Key ideas

  • The indicator subtracts a multiplied ATR value from the width of the Bollinger Bands.
  • Its four parameters control the ATR period, ATR multiplier, band period, and band deviation.
  • The document gives a formula but no trading rules or interpretation thresholds.
  • No empirical validation or performance evidence is provided.

Tags

Technical indicatorsVolatilityStatistics

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.