Product Summary

Bandwalk 2022 (9 pages)
Bandwalk 2.0.ex4 (Bandwalk detection indicator)
Band_pips.ex4 (Bandwidth monitor indicator)

Indicator Overview

Signals the beginning and end of a bandwalk. Signal indication of bandwalk start and end timing
Supports LINE notifications, alerts, smartphone notifications (push), and email notifications
FX, CFD, cryptocurrencies, etc... All stocks that are supported by MT4 are supported.
Signals are displayed in response to squeezes (contraction phase of a bolivan).

Full Logic

This indicator calculates the width of the Bollinger band (the divergence between the upper and lower bands), and a sign appears when a specific Bollinger band shape (expansion or contraction) is made.

Logic of the Sign of Start
The width of the Bollinger band is narrowing and a reaction to the squeeze is being signalled.

The "Band Walk" condition occurs when the band is tightened and then shrinks again. Exit Signal Logic Details
After a sticking "band walk" condition occurs, the sign is made to appear in response to the band shrinking again. (* Not just shrinkage, but expansion → contraction)

Since signs are issued based on the shape of the Bollinger Bands, only an end sign may appear without a start sign if there is no squeeze, just as a bandwalk occurs without a contraction of the Bollinger Bands. (In some cases, the opening sign appears in succession, and in other cases, the closing sign appears in succession. (All detailed information on how to see the consecutive signs, etc., is provided in the documentation.)

Great Benefits

As a bonus, we have prepared a modest but useful indicator that shows the Pips of the width of the Bollinger Band. Please use it together with the Band Walk Prediction Indicator.

Summary of benefits

Indicator that displays the width of Bollinger Bands in numerical values
The color of the text changes when the band is expanding, including band walks.
Japanese language display is available only here.
Customizable color, size, display position, font, and text content

Achievements

I have distributed nearly 100 indicators for free. Moreover, they are all original indicators with Japanese language support. I have also uploaded many Bollinger Bands related indicators, so if you have never used any of my indicators, I hope you will give them a try.

List of Free Indicators (in gogojungle)https://www.gogojungle.co.jp/users/187673/products

Tested by 6 MT4 providers

Operation has been verified on Windows and Mac.
Recommended parameters are listed in the explanatory PDF and have been verified, but it is necessary to set parameters by yourself depending on the time frame, characteristics of the currency pair, characteristics of the time zone, and volatility.
(The guideline setting method is described in the material.)
・We are not responsible for any damage caused by the use of this product, so please use this product at your own risk.
This material is not a recommendation or binding statement of specific stocks or investment targets, nor does it guarantee the accuracy, safety, or certainty of profits from the contents of this material. Final decisions must be made by the investor himself/herself.
The transfer, resale, reproduction, or viewing of this material, or any imitation thereof, by any third party without the seller's permission is strictly prohibited.

Update

January 17, 2022 Fixed a bug related to alerts on short term legs such as 1 minute and
Revised PDF document (added explanation of individual recommended parameters)

March 4, 2022 LINE notifications are now supported.

Divine indicator predicting the start and end of band walk