Sigma Bands MetaTrader 4 Forex Indicator

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Sigma Bands MetaTrader 4 Forex Indicator is another version of the Bollinger Bands.

This Sigma bands indicator have movement of the price for a certain number of bars (BarsCount = 200). In this reason, the MA with a period of 1 was used (MAPeriod).  The 2 channels will be plotted. One displays the limits where the price ranges 68% of the time for the specified number of bars, and the other one shows the limits where the price ranges 95% of the time for the specified number of bars.

This Sigma bands version has the ability to plot Bollinger Bands not only with any period by changing the BarsCount, and also to plot is based on the selected MA type with any period.

Supported MA types:

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

Prices which can be used for plotting the channel:

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

The settings above are not available for the standard Bollinger Bands.

Sigma Bands MetaTrader 4 Forex Indicator

Sigma Bands MT4 Indicator – Download Instructions

In order to transform accumulated history data, you need to install a MetaTrader 4

Sigma Bands – it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.

Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.

How To Install Sigma Bands MT4 indicator for MetaTrader 4.mq4?

Download indicator for MetaTrader 4.mq4
Copy Sigma Bands MT4 to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt4 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on Sigma Bands MT4 for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Sigma Bands MT4 Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?

Select the Chart where is the Indicator running in your Metatrader 4 Client
Right click into the Chart
“Indicators list”
Select the Indicator and delete

Related Indicator: Multi Timeframe Moving Average MetaTrader 4 Forex Indicator

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