The difference of this indicator from the Bollinger Bands technical indicator is that the parameters of upper and lower bands (period, shift and deviation) can be configured individually; the middle band is calculated as the arithmetic mean.
- Period Upper Line - period of the upper line
- Period Lower Line - period of the lower line
- Shift Upper Line - shift of the upper line
- Shift Lower Line - shift of the lower line
- Deviation Upper Line - deviation of the upper line
- Deviation Lower Line - deviation of the lower line
This indicator is used by the "Bollinger Bands strategy" Expert Advisor. It is provided to facilitate the visual selection of the parameters.