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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Specials Discount now. The Next Generation Forex Trading Tool. Dynamic Forex28 Navigator is the evolution of our long-time, popular indicators, combining the power of three into one: Advanced Currency Strength28 Indicator (695 reviews) + Advanced Currency IMPULSE with ALERT (520 reviews) + CS28 Combo Signals (recent Bonus) Details about the indicator  https://www.mql5.com/en/blogs/post/758844 What Does The Next-Generation Strength Indicator Offer? Everything you loved about the originals, now
Trend Catcher ind
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TREND CATCHER INDICATOR Trend Catcher Indicator analyzes market price movements, using a combination of the author’s proprietary and customized adaptive trend-analysis indicators.  It identifies the true market direction by filtering out short-term noise and focusing on underlying momentum strength, volatility expansion, and price structure behavior.  It also uses a combination of smoothing and trend-filtering customized indicators such as moving averages, RSI, and volatility filters.   Real ope
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