Watch how to download trading robots for free
Find us on Twitter!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 20299
- Rating:
- Published:
- 2016.03.25 15:13
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Author: Nick Bilak
Another indicator based on the «Bollinger bands». Good for displaying «Where the trend is, and where the flat is».

Another indicator based on the «Bollinger bands». Good for displaying «Where the trend is, and where the flat is».

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7182

Literally, "Bollinger bands with a fractional ratio of deviation."

Murrey Math (ММ) is a trading system suitable for any markets. The MM system comprises two main components: geometry, used for measuring the price movements of the specified market, and a set of rules based on the Gann technique and Japanese candlesticks.

One of the most interesting modifications of Bollinger bands. It shows the standard deviation in the bar representation.

This indicator adds a smoothing curve to the MACD.