Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2012.12.27 11:56
Indicators

i-BandsPrice - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
2582
Rating:
votes: 16
\MQL5\Include\

The real author:

Talex

The trend indicator drawn on the basis of the Bollinger Bands. The indicator is written by the book by J. Bollinger "Bollinger on Bollinger Bands".

The interpretation of the indicator is simple. The indicator histogram displays the position of price in relation to Bollinger Bands. The exit of the indicator line beyond the limits of -25 or +25 means the exit beyond low or upper line of bands respectively.

This indicator was first implemented in MQL4 and published in Code Base on 30.09.2008.

Fig.1 The i-BandsPrice indicator

Fig.1 The i-BandsPrice indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1350

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

Example of MACD Automated Example of MACD Automated

Code example of MACD automated with advanced money management function.

Pivot Star Pivot Star

Pivot indicator. Standard, Fibonacci, Camarilla, Woody's, Demark. Calculates pivot points from previous bar of chosen period (M5 - MN).