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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This trading system ( Multi scalper EA) uses no indicators. The EA tracks positive and negative tick movements in real time. The program calculates the difference between highest and lowest price deviations and averages the results. If the averaging result exceeds price_slippage , it is replaced with the calculated value. If the tick volatility increases, then the value of price_slippage is also expected to rise. The EA calculates the differences between positive and negative price movements and
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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