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Published:

12 February 2013, 08:18

Updated:

22 November 2016, 07:32

bollingerbands3b.mq5 (6.64 KB) view

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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 Ltd.
Original code: https://www.mql5.com/ru/code/1511

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