This indicator uses Bollinger Bands lines to detect markets trend. It's a very useful tool for manual trading. Furthermore it is possible to use the indicator with ATR as a filter, as well as the option to pop up an alert when a reverse trend occurs.
The readings are very simple to use and understand. Indicator works best on H1 timeframe.
- BarsCount - How many bars used to show the line.
- BBperiod - Period of Bollinger Bands.
- BBdeviations - Deviations of Bollinger Bands.
- ATRperiod - Period of ATR.
- UseATRfilter - Use ATR for filter.
- AlertON - Pop up an alert.
- ShowArrows - Show arrows in case of any trend change.