Multi TimeFrames Bollinger Bands Signals

This indicator is based on the Bollinger Bands on one or more timeframes and on any Currency Cross Pair.

The indicator generates an alert message when it detects a buy or sell signal.

It also draws a vertical bar on the price chart: green for buy or red for sell, white if flat.

Alert messages and Vertical bars for BUY or SELL, are generated when the Bollinger Bands is consistent for all chosen timeframes else a FLAT signal is generated.

In addition, the Multi TimeFrames Bollinger Bands Signals indicator measures the "POWER" of the Trend that is highlighted on the middle line of the Bollinger Bands (SMA line) with a number (1, 2, 3,...).

The higher the number, the stronger the Trend.

This is useful for detecting when the trend is becoming strong (so it may be suitable to open an order) and when it is becoming weak (so it may be suitable to close an order).


Features

Easy flexible settings:

  • Detection of the Bollinger Bands signal for one or more timeframes
  • Setting levels of Bollinger Bands

Example

You attach the indicator to a chart with H1, set Active_Bb_for_H1 to "true" and Active_Bb_for_H4 to "true" (standard setting).

The indicator uses the Bollinger Bands standard parameters:

  • Bands Period = 20
  • Bands Shift = 0
  • Bands Deviations = 2.0


Parameters

BB Monitoring Timeframe Activation

  • Active_BB_for_M1 - true/false.
  • Active_BB_for_M5 - true/false.
  • Active_BB_for_M15 - true/false.
  • Active_BB_for_M30 - true/false.
  • Active_BB_for_H1 - true/false.
  • Active_BB_for_H4 - true/false.
  • Active_BB_for_D1 - true/false.
  • Active_BB_for_W1 - true/false.
  • Active_BB_for_MN1 - true/false.


Note

In the Screenshots of examples, the Bollinger Bands oscillator that appears is not the work of "Multi TimeFrames Bollinger Bands Signals".

You can see it if you use the standard MetaTrader 4 oscillator or other free program.

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Apollo Striker is an effective BUY/SELL arrow indicator that predicts the direction of price movement. This indicator is suitable for absolutely all traders, regardless of the preferred strategy or currency pair, time frame. This arrow indicator can be used with absolutely any trading instrument, be it currencies, metals, indices, stocks or even cryptocurrencies. Moreover, a trader can easily adapt the indicator signals for any trading pair and time frame using a special parameter in the indicat
PRO Renko System
Oleg Rodin
5 (31)
Indicators
PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
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