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Views:: 9429
Rating:: (24)
Published:: 2012.12.03 16:24
Updated:: 2016.11.22 07:32

i_trend.mq5 (5.29 KB) view

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The Expert Advisor is rewritten from MQL4, the unknown author, published by Scriptor, link to the source - https://www.mql5.com/en/code/7599.

How it works

Green line - price difference with one of the line of Bollindger Bands®.

Red line - sum of values of the BearsPower and BullsPower indicators multiplied by -1.

The i_Trend indicator (the third window below) and indicators on the basis of which it is built: Bollinger bands, BearsPower and BullsPower

Parameters

Price - Price type used to calculate the difference of price and Bollinger Bands.
BBPeriod - Period of Bollinger Bands.
BBShift - Shift of Bollinger Bands.
BBDeviation - Deviation of Bollinger Bands.
BBPrice - Price of Bollinger Bands.
BBLine - Used line of Bollinger Bands.
BullsBearsPeriod - Period of Bulls Bears Power.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1115

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