Source code library - Expert Advisors, Indicators and Scripts

Indicator
True RVI - Relative Strength Index (liveliness) of market
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GBPJPY, H1
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Drawing Indicator's Emissions in MQL5

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Published by:: Snail000
Downloads:: 1263
Views:: 1725
Rating:: votes: 12
Files:: \MQL5\Indicators\
bb_price_on_channel.mq5 (4.1 KB)view

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Description:

The indicator draws (in a separate window) the Bollinger Bands ® relative to the moving average and projection of the price bars.

The drawing looks like a pulse.

Image:

Price on Bollinger Channel

Translated from Russian by MetaQuotes Software Corp.
Original code: http://www.mql5.com/ru/code/851

Last comments | Go to discussion (2)

FxPirate | 10 Apr 2012 at 19:27

Thank you for this indicator, my charts tend to be busy, its nice to be able to isolate the BB in this way, well done ;)

alspicer | 18 Apr 2012 at 12:03

the trend change is a bit slow on the bands, anyway to combine it with a fast adx / rsi or even a 2nd band crossing in a different color to ID trend change faster?

Source code library - Expert Advisors, Indicators and Scripts

Price on Bollinger Channel [ru]

Description:

Image: