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- Published by:
- Mladen Rakic
- Views:
- 5934
- Rating:
- Published:
- 2016.10.04 15:24
- Updated:
- 2016.12.15 10:06
-
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It's a simple indicator which forms an alert when new bar comes. Input parameters provide the ability to generate text, sound alerts and e-mail notifications.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/16493

This indicator is constructing "bands" using 3 quantile values.

This version of Bollinger Bands has a choice of calculating the standard deviation as a sample or as an uncorrected deviation.

The indicator shows the areas, where fast MA and slow MA cross.

The indicator plots the candles based on 4 averages: averages of Open, Close, High, Low.