It is one possible way of doing it.
But there is one part in it that is not logical. The central value, in the case of T3, would be a T3, and the standard deviation would be calculated relative to simple moving average. That would mean that the bands are not a n x standard deviations wide compared to the T3 value but some other value that has no relation whatsoever with the T3 values
That was the reason why I said that there is no such one as far as I know. Deviation should be calculated in respect to T3 too in order to make it correct (at least that is my opinion)
mrtools reminded me that I have made the T3 bands using T3 deviations too. It seems that I am in an age when I start forgetting. :):)
It was originally posted here : https://www.mql5.com/en/forum/general , but since it have been almost 4 years since, decided to post it at this thread too. For the description please read the original post (no need to repost it here too since everybody can read the original post and see what is it all about)
Thank you for this T3 bands indicator. Could you possibly make it similar to the BollingerBands + ATR, plse?
Thanking you in advance.
Would you be kind enough and transform the "T3 tma combination histo" into a MTF indicator showing 4 vertical-lines in the sub-window plse? Such as the Trend Envelopes v6 mentioned above and posted picture.
It occurred to me that this gem of an indicator could possibly be even better when used in 4 TF mode on one's entering TF whether M5 or M15, etc?
Looking forward to hearing from you.
Sorry, but I am lost.
What would be the exact role of ATR in the Bollinger bands?
This is what the BB + ATR does.
Did you at any stage build a 4TF-STF --- Tr.Env. similar to what I have posted above?
It seems as if mine is not signalling correctly as you can see form my previous post #355.
Thanks in advance.
I see That would be very similar to what bb squeeze indicator. Will see to make one in that form
Can you post the one that you used for that example. There is one point that seems different than I thought and I would need to see the code to check if I think correctly or not
My sincerest apologies Mladen for not having replied sooner.