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i-BandsPrice.mq4 - indicator for MetaTrader 4
- Views:
- 45116
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- Published:
- 2008.10.01 07:37
- Updated:
- 2014.04.21 14:53
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Picture
The parameters are the same with the Bollinger Bands plus I added smoothing.
BandsPeriod - Period
BandsShift - Shift
BandsDeviations - Deviation from the main line
Slow - Smoothing
The indicator was developed on the basis of the book J. Bollinger. "Bollinger on Bollinger Bands"
The interpretation is simple. The line of the indicator shows the position of the price in relation to the Bollinger Bands. The outing of the indicator line out of 0 or 1 means the outing out of the lower and the upper bands respectively.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/8450
i-BandsWidth.mq4
On Bollinger Bands grounds
ZigZag with Its Own "Channel"The drawing of the channel's borders was added to the standard ZigZag by MetaQuotes.