Download MetaTrader 5

Indicators: BBands Stop v1

To add comments, please log in or register
Deposit to your account in any convenient way. There are 4 of them here!
Automated-Trading
Admin
99092
Automated-Trading 2011.12.08 11:08 

BBands Stop v1:

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

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.

Author: Nikolay Kositsin

BBands Stop v1

Luis Gomez
10
Luis Gomez 2016.11.24 20:18  
Automated-Trading:

BBands Stop v1:

Author: Nikolay Kositsin

Thank you for your Indicator, I had some time looking for it for MT5, it is possible to add an alarm to it? In the mean time I will try to learn how to code and see if I could make one, any help will be really appreciated Thank you.
Luis Gomez
10
Luis Gomez 2016.11.24 21:19  

Just to let you know that I got the Alert to work on your indicator, and thank you for sharing it.

zemo
82
zemo 2017.01.03 20:28  

Hi Mr. Nikolay,

 Could you release the bbands histogram version ? 

 

 

To add comments, please log in or register