Fib bollinger bands

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Hi all:

Has anyone got/seen a MT4 indicator using bollinger bands where deviations are based on fib relationships?

I'm looking for it... I've been told it's very useful for timing retracement entries.

Thru

 
Thruline:
Hi all:

Has anyone got/seen a MT4 indicator using bollinger bands where deviations are based on fib relationships?

I'm looking for it... I've been told it's very useful for timing retracement entries.

Thru

hello from Jack

there is one way to do it without using any programming or creating a new indicator

Insert Bollinger Band into your chart

in properties go to

Levels

insert

0.382

-0.382

0.50

-0.50

0.618

-0.618

Press OK

almost same as BollingerFibo

Jack

 
RedJack:
hello from Jack

there is one way to do it without using any programming or creating a new indicator

Insert Bollinger Band into your chart

in properties go to

Levels

insert

0.382

-0.382

0.50

-0.50

0.618

-0.618

Press OK

almost same as BollingerFibo

Jack

Ok i forgot to add increase the period to 50 or test with different settings then it will be almost act as same with bollingerfibo

also use different lvls like 0.786, 1.252 etc

 

Thanks, RJ, I'll check it out!

 

Hi just want to add one more thing this can also be applied to normal envelopes

some time looks better

Jack

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