Bollinger Bands histogramm

[Traderthor]

I am looking for an indicator that would plot the difference between the upper & lower Bollinger bands as a histogram similar to a MACD histogram. This would give an indication of market volatility since the higher the histogram candle the wider the bands are thus more volatility and vice versa.

Does such an indicator exist or could someone wright one? Or, is there a better way o gage market volatility?

[NinjaTrader_AlanP]

Hello Traderthor,

Thank you for your note.

It would be possible to plot the difference between the two bands, however this would require custom coding in NinjaScript. If you'd like I can have someone reach out with a list of third parties that would be interested in developing this for you.

Standard Deviation might be another option, which you could use as is. See the following section in our helpguide,

https://ninjatrader.com/support/helpGuides/nt8/en-us/?standard_deviation_stddev.htm

You may also wish to check the following section of our forum for what you're looking for.

https://ninjatrader.com/support/forum/local_links.php?catid=7

Please let us know if you need further assistance.