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YFX Advanced Bands

The Advanced Bands indicator is a custom indicator based on the classic Bollinger Bands as created by John Bollinger. Generally, Bollinger Bands are created by adding/subtracting a number of standard deviations from the price. Advanced Bands also creates bands the same way and adds more features to be more useful for traders.

 

FEATURES

  • Three levels of bands (inside, outside, extreme) and a moving average can be plotted.
  • Area between bands can be filled and highlighted.
  • Number of deviations for each band can be changed.
  • Customizable color, size, and visibility of all GUI objects.
  • Bands and Price crossings can be shown on the chart
  • Trade signals are calculated and can be set to trader in many ways.
  • Indicator statistics are managed and can be shown on the chart.

 

PARAMETERS

 

The Advanced Bands indicator has many configurable parameters. This allows for all aspects of the indicator to be changed for the user’s preferences. By default, the indicator is designed to work without any changes by the user. The parameters are divided into the following categories:

 

  • Indicator Parameters
  • Bollinger Bands Parameters
  • Indicator Statistics Parameters
  • Inside Bands Parameters
  • Outside Bands Parameters
  • Extreme Bands Parameters
  • Moving Average Band Parameters
  • Crosses Parameters
  • Signals Parameters
  • Message Parameters
  • Quiet Time Parameters
  • Debug Parameters

 

It should be noted that the user does not have to change any parameters for the indicator to work. All parameters have default values that have the lowest impact on the indicator and user. The Advanced Bands indicator is designed to work perfectly by just placing it on a chart.


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The Zones indicator provides a visual display of the boundaries around a price action. There are two types of zones included in the indicator: High-Low price zones Time period zones (delineations) High-Low price zones display the boundaries of the High and Low price points. Typically, these zones are displayed for the High and Low price of the day. Time period zones display boundaries around time period intervals. PARAMETERS Yancy indicator IndicatorName – indicator name displayed in the char
The YFX Symbol Watermark indicator is used to display a watermark on your chart, which makes it easy to see at a glance the symbol information for any chart. The displayed information includes: Symbol Name and Timeframe on the chart Description of the currencies Tag line, which can contain any user-defined information All the information can be displayed on the chart so that it can be easily read. The indicator also has parameters that can be set to customize which information is displayed. Para
The YFX Symbol Selector indicator is used to easily change the chart symbol and period with a click of a button. This is done by using a selector GUI object that can be placed on any corner of the chart. The GUI selector contains the following information: Descriptive header for GUI selector panel Symbol information and controls for changing the chart symbol Period information and controls for changing the chart period Footer containing the current bid/ask quote for the currently selected symbol
The Candle Patterns indicator provides a visual display of candlestick patterns. There are more than 100 patterns that can be displayed. The indicator allows for candles on the chart to be grouped and considered as one candle. This allows the price action within a candle to be observed in the context of a candlestick pattern. The number of bars per candle can be set in the parameters. All patterns can be filtered so that only patterns with certain attributes are displayed. The prior trend is tak
The Wing Patterns indicator scans for many different kinds of Patterns using an XABCD structure. The term Wing Pattern is used to refer to all types of patterns based on a general XABCD structure, which is plotted in an alternate high-low extreme form. In other words, assume that point X is started at a low point on the chart. The point A is plotted at the next highest point within a certain number of bars. This certain number of bars is called the depth level. In this example, point B would be
This indicator contains a custom version of the classic Turtle Trader indicator. It implements both the main system ( S1 ) and fail-safe system ( S2 ) as described by the original Turtles. Notifications can also be enabled for trade signals. The main rule of the indicator is to generate a signal when a T -period breakout occurs. A stop signal is then generated when an S -period high or low is breached. The T -period value is the number of periods used to evaluate a trend. S -period values are th
The Advanced Bands Squeeze indicator is a custom indicator based on the classic Bollinger Bands as created by John Bollinger. The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. This low volatility level is called a “Squeeze”.  According to John Bollinger, periods of low volatility are often followed by periods of high volatility, where prices tend to move a lot in either direction. Therefore, a volatility contraction or narrowing of the bands
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Version 6.0 2020.06.12
- Updated code to work with newer versions of MetaTrader 4.
- Added band fills feature
- Preview of AI and Machine Learning features.
Version 5.5 2019.06.14
Fixed missing calculation for ticks between lower inside band and lower outside band.