Projection Bandwidth

The Projection Bandwidth indicator is based on the Projection Bands as introduced by Mel Widner, Ph.D in an Technical Analysis of Stocks & Commodities magazine article from July, 1995.

Indicator Description

Projection Bandwidth is based on the Projection Bands and shows the ratio from bands to midpoint. Bands are narrowing on low numbers whereas high numbers indicate that the bands are widening. Therefore, the band width can be used as a measure of volatility. Narrow bands equals narrow range and low volatility, whereas wide bands indicate a wide range and high volatility.

The indicator is available for NinjaTrader 8.