Indicators: Bollinger Bands - EMA Deviation
my friend, thank you for this BB EMA , it's miss in mt5 default bands... and help me a lot.. thank you so much
I'm using this indicator as a part of a custom EA. Just to make sure when use the iCustom() function the buffer values are: 0 - Middle line, 1 - Upper
Band, 2 - Lower Band, correct?
nice indicator.
what do the colors of upper and lower bands mean?
Thank you
Wonderful indicator! Do you by any chance have an Mt4 version of it?
tried to convert this to mt4, but no go. any advice? i think my only issue is the lines, but have no idea why my conversion didnt work, so maybe there is something i missed. please convert this for mt4.
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Bollinger Bands - EMA Deviation:
Bollinger Bands consist of a N-period Moving Average (MA), an Upper Band at K times an N-period standard deviation above the Moving Average (MA + Kσ), and a Lower Band at K times an N-period standard deviation below the Moving Average (MA − Kσ).
This version does not use standard deviation for Upper and Lower Bands, but uses the EMA deviation. That makes it faster in the response to market volatility.
Author: Mladen Rakic