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4143
Rating:
votes: 16
Published:
2012.12.03 16:24
Updated:
2016.11.22 07:32
i_trend.mq5 (5.29 KB)view

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 Software Corp.
Original code: https://www.mql5.com/ru/code/1115

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