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BB Trend Flat

The indicator determines trend/flat status of the market using Bollinger Bands.

Bollinger Bands diverge when the market moves sharply and converge when there is flat. The indicator uses this peculiarity. When the market is calm and distance between Bollinger Bands is less than some value, the indicator shows flat (gray histogram by default). When the market starts moving and divergence of Bollinger Bands exceeds this value, the indicator determines direction of the movement and shows an up trend (green histogram) or a down trend (red histogram).

To make the indicator independent from a timeframe, the indicator uses not an absolute distance between bands but the relative parameter "Flat factor".


Indicator Parameters

  • BB Period – period of Bollinger Bands.
  • BB Deviation – Bollinger Bands deviation.
  • Flat factor – parameter determining flat. The greater the value, the bigger is the flat zone displayed by the indicator.

Notifications and Alerts:

  • ON/OFF - Sound when the signal – enable/disable playing a sound signal when an upward or downward movement starts.
  • File name of sound (signal is already generated on a closed bar) – name of the sound file for the signal.
  • ON/OFF - Alert – enable/disable messages in the terminal when signals occur.
  • ON/OFF - Mail - enable/disable sending emails.
  • ON/OFF - Push - enable/disable sending push notifications to mobile devices.
Jenny Gay Dimafiles
164
2017.12.01 04:10 
 

I love this indicator!

Rodeoman271
24
2017.06.01 04:04 
 

Awesome Indicator! Works great on renko charts! Only thing that would make it even better is a push notification alert option.

Gennadiy Voltornist
10066
2017.05.27 20:58 
 

User didn't leave any comment to the rating

Irakly
14
2017.05.01 19:59 
 

very useful. thanks.

Eleni Anna Branou
4706
2017.02.11 17:41 
 

User didn't leave any comment to the rating

Maksym Mudrakov
14656
2016.08.30 12:09 
 

User didn't leave any comment to the rating

Nesho Marinov
868
2015.08.27 20:17 
 

This is extremly useful indicator to avoid choppy market. Great job and thank you for keeping it free.

Version 1.3 - 2017.06.05
Added email alerts and push messages to the indicator.
Version 1.2 - 2017.04.20
Added audio signals and alerts to the indicator, which are triggered when up/down movements start.