Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2011.12.08 11:08
Indicators

BBands Stop v1 - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Published by:
Nikolay Kositsin
Views:
5460
Rating:
votes: 14

Real author:

igorad

BBands_Stop_v1 trend indicator is a modification of Bollinger Bands ®. It can be used for detecting a trend change, as well as for setting stop orders. It is quite descriptive and easy to use.

Tips for using the indicators:

The indicator changes its color when the chart crosses Bollinger Bands showing trend reversal on the market. Green dots are for buying, orange ones are for selling. Stop-losses are set above/below the dots. The indicator shows good results during a trend but starts to give false signals in case of a flat. Therefore, it is recommended to use this indicator together with some other, filtering indicators.

This indicator was first implemented in MQL4 and published in CodeBase at mql4.com 27.09.2007.

BBands Stop v1

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/614

Murrey Math FixPeriod Murrey Math FixPeriod

Murrey Lines with calculation at all bars and the possibility to choose a timeframe for lines calculation.

X2MA HTF X2MA HTF

Universal moving average that displays the values from the higher timeframe.

Positive Volume Index Positive Volume Index

Positive Volume Index (PVI) draws a connection between the volume rise and financial instrument price change.

HistoryLoader HistoryLoader

Multi-currency Expert Advisor functional module for organization of an access to any historical data with a request result processing.