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\MQL5\Include\

smoothalgorithms.mqh (130.19 KB) view

xma_bbx5.mq5 (14.39 KB) view

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Two Bollinger Bands channels based on one moving average, with the display of the last values as price labels.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Figure 1. The XMA_BBx5 Indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14840

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XMA_BBx5 - indicator for MetaTrader 5