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Published:

2018.11.20 12:53

BB_OutsideCandle_Alert.mq5 (22.14 KB) view

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Bollinger Bands Outside Candle Alert signal indicator displays the price breaking through Bollinger Bands, places signal labels, paints a signal candle and activates a signal message.

It has six input parameters:

BB period - Bollinger Bands calculation period
BB deviation - Bollinger Bands deviation value
BB line breakdown method

Opening inside, then closing outside - a signal candle is opened inside Bollinger Bands and closes outside
Opening and closing outside - a signal candle is opened and closed outside Bollinger Bands

Show bands - display Bollinger Bands (Yes/No)
Show signal candles (Yes/No)
Use alerts - display signal messages (Yes/No)

If the "Show signal candles" is set to Yes, the candle that broke through Bollinger Bands is colored:

Bullish candle - green
Bearish candle - orange

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22925

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