Bollinger bands with 2 different std deviations

[veryspecial1]

Hallo friends,

I’m a newbie in this bussiness, so I need to learn alot from you all.
From a different forum I have read about the use of Bollinger bands with 2 different standard deviations for example :
-Bollinger bands period 20 with deviations 2.0 and
-Bollinger bands period 20 with deviations 2.5
With this setup we should have 4 outer band and 1 middle band.
The problem is that I can not construct it on my MT4 platform.
Can somebody help me to construct this setup?
I really appreciate your help in this matter.
Looking forward to hearing from you all very soon and HAPPY TRADING

Best regards
veryspecial1

[simbafx]

The standard bollinger band in MT only allows integer values for standard deviation, so 2.5 wont be allowed.

There is however a custom indicator thats shipped with MT which I think is called “bands” which IIRC will allow non integer settings.

[Blaiserboy]

The 20,2 should be what the metatrader comes with, so you can just place that one on the chart.

The 20,2.5 will take a minor adjustment when you place it on the chart.

For the second one, use ‘Bands’ in the custom indicators as it will allow you to have a decimal place.

As you place it on the chart you will have to change the colour and also the setting.

Hopefully this helps.

[veryspecial1]

The standard bollinger band in MT only allows integer values for standard deviation, so 2.5 wont be allowed.

There is however a custom indicator thats shipped with MT which I think is called “bands” which IIRC will allow non integer settings.

Hallo Simbafx,

Thanks for your help and attention.
Happy Trading always.

Best regards,
veryspecial1

[veryspecial1]

The 20,2 should be what the metatrader comes with, so you can just place that one on the chart.

The 20,2.5 will take a minor adjustment when you place it on the chart.

For the second one, use ‘Bands’ in the custom indicators as it will allow you to have a decimal place.

As you place it on the chart you will have to change the colour and also the setting.

Hopefully this helps.

Hallo Blaiserboy,

Thank you very much for your reply.
Please forgive me for my stupidity, but I still do not understand how to do the minor adjustment for the 20, 2.5 bands.
Can you please explain to me in detail where do I have to look for this custom
indicator window and what to click in order to construct the second bands on my platform
I really appreciate your help in this matter.
Looking forward to hearing from you soon and HAPPY TRADING always

Best regards,
veryspecial1

[Blaiserboy]

‘Bands’ is in the custom indicators… click on custom indicators and you will see ‘Bands’… click on that and the menu will open, click on the 2.0 and it will open so you can change the number of std dev…

I think everyone has trouble getting used to a new software so you need not worry about asking questions…

You might consider looking at std dev of 1.5 also after you get happenin with this

[veryspecial1]

‘Bands’ is in the custom indicators… click on custom indicators and you will see ‘Bands’… click on that and the menu will open, click on the 2.0 and it will open so you can change the number of std dev…

I think everyone has trouble getting used to a new software so you need not worry about asking questions…

You might consider looking at std dev of 1.5 also after you get happenin with this

Hallo Blaiserboy,

Thank you very much for your help and informations
I will try it immediately.
Again my appreciation for your help and patience.
HAPPY TRADING always

Best regards,
veryspecial1