After launching its revolutionary multi-asset trading platform SaxoTraderGO in May this year, Saxo Bank keeps enhancing the solution.
Amid the novelties introduced to the platform in early November are several chart enhancements, including the addition of Bandwidth on Bollinger Bands Study and support for two instruments on the chart.
Bandwidth on Bollinger Bands
A new Bandwidth on Bollinger Band study will be available from the Studies menu in the chart from early November.
Derived from Bollinger Bands, Bandwidth on Bollinger Bands displays the difference between the upper and lower bands. Bandwidth decreases as the Bollinger Bands narrow and increases as they widen. Since Bollinger Bands are based on the standard deviation, falling bandwidths indicate falling volatilities, whereas increasing bandwidths indicate increasing volatilities.
Support for 2 instruments on the same chart
The chart tool in SaxoTraderGO will offer 2 instruments on the same chart. To add a second instrument, one needs to click the + icon.
When two instruments are displayed, studies and annotations can be added to either of the instruments, which traders select when they add studies/annotations.
To view the announcement from Saxo Bank, click here.