Bollinger Band Histogram Indicator Based on Standard Deviation

Summary

This brief description introduces an indicator presented as a trend tool based on standard deviation. It is described as a modification of Bollinger Bands that displays standard deviation in a bar or histogram representation. The entry identifies Nick Bilak as the author and says the indicator was originally written in MQL4 and published in 2007.

The document offers no calculation rules, parameter guidance, chart interpretation examples, trading signals, or performance evidence. It therefore establishes only the broad idea of visualizing standard deviation as bars, rather than explaining how to build or use the indicator. Traders would need the original indicator or additional documentation to determine its exact formula and whether it adds useful information beyond conventional Bollinger Bands or volatility measures.

Key ideas

• The indicator is described as a trend tool based on standard deviation.
• It presents standard deviation through bars as a modification of Bollinger Bands.
• The document gives no exact formula, signal rules, or evidence of trading performance.

Tags

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