Bollinger Band indicator MT4-MT5

Job description

Indicators used

Bollinger Band

We will set the Bollinger Bands to the default settings with the price changed to High, and set the Bollinger Bands with the price changed to Low.

On the four-hour chart

We will draw a horizontal line on the top line in red, a horizontal line on the bottom line in blue, and a horizontal line on the middle line in gray.

These lines should appear clearly when we move to the other frames

Now we will do the same thing on the hourly chart

We will now move to the half-hour chart. The Bollinger Bands must disappear while those lines that we drew horizontally on the four-hour and hourly charts remain visible on the half-hour and other frames and without the Bollinger Band indicator appearing.

The indicator must update the drawing process every specified period (4 hours - six hours)

Work environment: MetaTrader 4 and 5 platforms

It must be confirmed that the indicator does not redraw itself

We must have the following options:

Determine the frames to draw on (one hour - four hours - daily)

Hide Bollinger Bands from smaller frames

Color options for each frame

Line thickness options

Naming each line (setting a box from which we can name the upper lines and the lower lines on the four-hour chart, as well as on the hour or frame we choose)

In other words, we will use the lines drawn from the upper frames to define some areas, and therefore I must have the freedom to determine the type of upper frame, daily, hour, or four hours, with the possibility of using some of them but not others.)

In other words, we need the ability to draw these lines on the daily four-hour clock, while optionally activating those frames or deleting some of them.