BB St Dev

BB St Dev

BB St Dev is analogous to the Bollinger indicator.

Upper and lower parts of the Bollinger channel are calculated by means of iStdDev.

iStdDev is a standard indicator of МetaТrader 4.

Moving average has a special smoothing algorithm.

Settings

  • M - period of Moving average
  • BandsDeviations parameter - channel generation factor. Apart from classic Bollinger Bands, BandsDeviations can possess any value here.
  • Visio parameter
    • If Visio = False, this indicator will coincide with the Bollinger Bands indicator.
    • If Visio = True, this indicator will show points for possible orders opening.

How to configure this indicator

  1. Make a choice in: Charts =>Indicators List =>BBand St Dev=>Edit.
  2. The indicator's window will appear.
  3. Set parameters.
  4. Create a template: Charts =>Template =>Save Template.
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Merlin
Stefan Stoyanov
The algorithm of the indicator is based on the fact that the price is attracted to the slow moving average The same applies to a fast moving average that moves around a slow moving average These moving averages have a special smoothing algorithm. When the fast Moving average goes up and is below the slow Moving average, we have a potential signal to open a position-Buy entry When the fast Moving average goes down and is above the slow Moving average, we have a potential signal to open a positio
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Aravind Kolanupaka
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Aravind Kolanupaka 2019.04.12 04:18 
 

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LIN938
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Maksym Mudrakov
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Vladimir Blednov 2015.03.20 08:39 
 

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