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votes: 19
2013.02.12 08:18
2016.11.22 07:32

The BollingerBands© indicator is a derivative from the standard Bollinger Bands. When the indicator displays peaks, you should wait for the reversal.

The formula for calculation of the indicator: BollingerBands [bar]=(close[bar]-UpperBB[bar])/(LowerBB[bar]-UpperBB[bar]).

Fig.1 The BollingerBands© indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

RAVI_FX_Fisher RAVI_FX_Fisher

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Quick ZigZag plus DiNapoli Quick ZigZag plus DiNapoli

The "Fast ZigZag" indicator including the drawing of DiNapoli's target levels

Positions Change  Informer Positions Change Informer

The Expert Advisor "catches" changes of the positions (opening, reversal, closing, triggering of Stop Loss and Take Profit) and depending on the configurations triggers the sound file, outputs alert or sends e-mail.

Ma_Distance_From_Price Ma_Distance_From_Price

A semaphore signal indicator for the moments when the trend force measured by the deviation of the price from the Moving Average is higher than a fixed limit