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BollingerBands© - indicator for MetaTrader 5
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- 8690
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- Published:
- 2013.02.12 08:18
- Updated:
- 2016.11.22 07:32
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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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