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votes: 26
2014.03.27 10:38
2016.11.22 07:32

Real author:


A trend indicator drawn in the form of a colored cloud. with stops beyond the range of the colored cloud.

Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 27.09.2007.

Figure 1. The ChandelExit indicator

Figure 1. The ChandelExit indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2194

TimeZones TimeZones

The indicator draws four vertical colored lines during a day. Line parameters can be set in the input parameters.

Exp_The_20s_v020 Exp_The_20s_v020

A trading system using The_20s_v020 semaphore arrow indicator.

BBands_Stop_v1_HTF BBands_Stop_v1_HTF

The BBands_Stop_v1 indicator with the timeframe selection option available in input parameters.


Another variation of Bollinger Bands. In this indicator prices High and Low are used instead Close for calculating Standard Deviation.