Market / MetaTrader 4 / Indicators /

Super Bollinger Bands

60 USD

Demo downloaded: 1 306

Published: 20 March 2015

Current version: 1.5

Super Bollinger Bands

4.14

Indicators
Mihail Matkovskij
Version: 1.5
Updated: 25 January 2021
Activations: 5

This is a forward-looking indicator for trading on all instruments. An advanced version of Bollinger Bands indicator created by outstanding analyst John Bollinger. One of the main differences of Super Bollinger Bands indicator from its predecessor consists in displaying upper and lower bands behavior on the middle line with some specific colors. Thus, the indicator gives a trader some visual information about trend development at the moment, and not in the past, as majority of other indicators do. It supports sending notifications by email and also as alerts.

The indicator shows the direction the price will move, and is a forward-looking to a certain extent. It also informs about moments of movement damping allowing the trader to timely orientate himself or herself and exit the market before the movement changes. When you use the Super Bollinger Bands indicator, you don't have to look at bands all the time, as their behavior is sufficiently described by the middle line.

Indicator parameters

Bands Settings

bb_period - bands period (20)
bb_dev - bands deviation (2)
bb_shift - shift (0)
bb_price - apply calculation to (Close Price)

Super Bollinger Bands Settings

mode_ma - moving average drawing mode. Full drawing - full drawing regarding a trend direction and a direction of bands movement. Simple drawing - regular drawing regarding a trend direction. (Full drawing)
draw_bb - show/hide bands. true - show bands. false - hide bands. (true)
cmp_dev - acceptable error to compare characteristics in the process of drawing (0.0001)

If you increase the cmp_dev parameter, the drawing will be less sensitive; if you decrease this parameter, the indicator will draw a lot of false signals. It is recommended to set the parameter depending on the band settings and price movement.

Configuring Notifications

signal_bar - bar to receive the signal for sending notifications (Zero bar)
send_mail - true means receiving signal alerts by email
send_mail_test - sending a test email notification upon indicator launch (false)
alerts - sending alerts to notify of a signal (true)
uptrend_accel - enable-disable the "Acceleration uptrend" signal (true)
uptrend_fad - enable-disable the "Fading uptrend" signal (true)
downtrend_accel - enable-disable the "Acceleration downtrend" signal (true)
downtrend_fad - enable-disable the "Fading downtrend" signal (true)

Notifications only work in the full MA drawing mode (mode_ma = Full drawing)!

Attention! Email notifications and alerts do not work during testing, messages to the tester Journal are written instead. The function works if alerts=true.

Settings of Lines Colors and Width

flat_cl - color to display flat (Yellow)
trend_up_cl - color to display downward direction (DeepSkyBlue)
trend_down_cl - color to display upward direction (DarkOrange)
accel_up_cl - color to display accelerating ascending trend (BlueViolet)
fad_up_cl - color to display fading ascending trend (SaddleBrown)
accel_down_cl - color to display accelerating descending trend (Magenta)
fad_down_cl - color to display fading descending trend (FireBrick)
width_lines - lines width (2)

Operation Modes

The first operation mode of the indicator: mode_ma = Full drawing - full drawing of the middle line regarding the bands movement direction. Characteristic features.

Ascending movement accelerating: the line is painted violet (BlueViolet).
Ascending movement fading: the middle line is painted brown (SaddleBrown) цвет.
Descending movement accelerating: the line is painted pink (Magenta).
Descending movement fading: the middle line is painted "fire brick" color (FireBrick).

Other lines colors show the movement direction.

Upward movement: blue (DeepSkyBlue) color.
Downward movement: orange (DarkOrange) color.
Side movement: yellow color.

The second operation mode of the indicator: mode_ma = Simple drawing - drawing of the middle line movement direction without regard to bands movement and drawing of bands regarding their direction.

How to Trade

The Bollinger Bands indicator settings are performed in such a way that the main part of the price is always inside the envelope formed by bands. When the price moves closer to one of the bands or cross it, bands start expanding which allows a trader to estimate the beginning of the price movement. When the price starts moving and the bands start expanding, the indicator paints the middle line in violet for the ascending movement (accelerating ascending movement) and in pink for the descending movement (accelerating descending movement) which can be a signal to enter the market.

Following signals on the middle line can serve as exit signals: fading movement (SaddleBrown color for ascending movement or FireBrick color for descending movement), flat (yellow color of the line) and change of movement. The largest movement can be captured when the movement changes. Thereat, there might be several accelerations and fading before such change.

more...

Nikita Emelyanov 2021.08.20 22:01 #

Пользуюсь данным индикатором пару дней, ещё толком не успел оценить весь потенциал. Однако могу сказать, что если использовать его и постоянно сидеть за компьютером, то можно добиться вполне хороших результатов, явно 5/5. Буду дальше пользоваться)

324

KobArt1213 2020.12.29 18:03 #

Excellent Indicator. 5-star! I purchased this indicator a while back, and just started using it again. It gives strong signals to identify what to trade and which direction to trade in. One suggestion to the developer, please add push notification.

49851

Gennadiy Stanilevych 2017.01.14 08:24 #

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The indicator displays harmonic ABCD patterns, as well as the market entry points, which allows the trader to make trading decisions quickly. Harmonic ABCD Universal is one of the few indicators that predict price movement by determining pivot points with a rather high probability long before the pivot itself. It supports sending push and email notifications, as well as alerts. The indicator scans all possible combinations on the chart for the current moment, and also in history, with the help o

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The EA allows a trader to place stop loss invisible for brokers and thereby prevent false breakthroughs and unwanted stop loss triggering. When you use standard stop loss, the price may break through stop loss before moving to the direction of an open order and therefore the orders is closed. Interactive Stop Loss removes standard stop loss of the open order and adds a horizontal line instead. After this it maintains the order until the line is crossed by the price. And then it finally closes th

60 USD

ZigZag with backlight Fibonacci levels. The indicator has the ability to set any number of levels, the signals of the intersection of which can be sent to your mobile device email, as well as viewed via alerts. The indicator is designed to perform wave analysis, search for harmonic petterns, as well as search for other technical analysis figures. The indicator is designed to work in the MetaTrader 4 terminal and is ported from the version for MetaTrader 5: https://www.mql5.com/en/market/product/

30 USD

Automatic/semi-automatic trading robot, working on AB = CD pattern signals. It can work as an indicator. Supports sending signals in notifications, to a mobile device, as well as e-mail. This EA has been ported from the Harmonic ABCD Wizard version for the MetaTrader 5 trading terminal . A more detailed description of the EA can be found here . And also in the blog . Parameters EA Values magic - magic ID deviation - deviation Parameters Peak ZigZag minPeakDist - the minimum distance of the Z

230 USD

Modified MACD, for technical analysis of charts, with color backlight of histogram signals. The indicator highlights, the direction of the histogram movement, the change in the direction of the histogram movement, the histogram peaks, the interaction of the histogram and the signal curve. Also, the indicator makes it easier to find convergences / divergences between bars and the histogram (which serve as a powerful signal in some trading systems using the MACD indicator). Color designation of Ad

30 USD

This trend Expert Advisor is based on an original interpretation of the Bollinger Bands indicator. This signal generation method allows entering the market at the very beginning of the trend with a tight stop loss. The EA contains 6 options for position closure signals, which allows selecting the best one depending on the instrument, as well as market conditions. All positions are protected by virtual and fail-safe stop loss. The virtual stop loss triggers only after a bar closes beyond its leve

230 USD

This indicator implements the well-known trend trading strategy for Stochastic, with two levels for purchases (40 and 80) and two levels for sales (60 and 20). When an upward movement begins, the oversold level rises, from 20 to 40. When there is a downward movement, the overbought level goes down, from 80 to 60. Thus, the strategy has 4 levels. Obviously, tracking signals using the usual 4-level Stochastic is not very convenient, therefore, this indicator illuminates the inputs and outputs with

45 USD

ZigZag with backlight Fibonacci levels. The indicator has the ability to set any number of levels, the signals of the intersection of which can be sent to your mobile device email, as well as viewed via alerts. The indicator is designed to perform wave analysis, search for harmonic petterns, as well as search for other technical analysis figures. This Zigzag uses the principle of constructing extrema in which any trader will understand very easily. First, the indicator finds the upper and lower

30 USD

Automatic/semi-automatic trading robot, working on AB = CD pattern signals. It can work as an indicator. Supports sending signals in notifications, to a mobile device, as well as e-mail. The search for patterns is carried out by the universal Zigzag, Peak ZigZag, which was specially adapted to work in this EA. Through the use of the trace mode (when scanning patterns is performed on several Zig-zags with different Peak dist, see the description of the parameters), various AB = CD patterns from t

230 USD

An EA created to overclock a deposit within the short period of time. The EA uses accurate signals towards the trend to be able to enter the market. Together with the author’s optimization criterion, the EA allows you to choose appropriate settings to overclock your deposit. The EA works on 4 timeframes, which increases the accuracy of signals. Sometimes it can involve 3 timeframes. Attention! As you know, a trader's deposit is exposed to a risk in the Forex market. Especially, this should be ta

500 USD

The indicator for trading on the signals of the harmonic pattern AB=CD. It gives signals and shows the levels of entry into the market, as well as levels for placing stop orders, which allows the trader to make timely decisions on entering the market, as well as effectively manage positions and orders. It supports sending push notifications to a mobile device, e-mail, as well as alerts. This indicator has been ported from the version for MetaTrader 4. For more information, as well as a detailed

99 USD

The modified Alligator indicator is designed as an oscillator. Facilitates the analysis of the Alligator indicator values by signaling the trader about market changes using a colored histogram. Histogram color values Medium Spring Green - uptrend Orange Red - downtrend Gray - lateral movement (flat) Parameter values jaw_period - jaw period teeth_period - teeth period lips_period - lips period jaw_shift - jaw shift teeth_shift - teeth shift lips_shift - lips shift ma_method - method for calcula

30 USD

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795

Issam Khettabi 2022.04.20 14:29 #

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Nikita Emelyanov 2021.08.20 22:01 #

6288

adonis4ex 2021.07.30 05:12 #

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324

KobArt1213 2020.12.29 18:03 #

779

8601567 2020.11.24 21:59 #

If you do not sit at your computer and watch this indicator moment by moment, you will not have any advantages. It is a BB with many pretty colors and not worth the money. At least his other indicators have more math involved.

12132

Reply from developer Mihail Matkovskij 2020.12.02 10:33 #

Your can enable signal notifications in the indicator settings. And you do not need to constantly sit near the computer. 3 types of notifications are supported. These are mobile push notifications, e-mail notifications, and alerts. Read carefully the description of the indicator settings and select the types of notifications that suit you.

8820

Aravind Kolanupaka 2017.06.30 06:02 #

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584

Oleksii Stanilevych 2017.01.18 12:24 #

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49851

Gennadiy Stanilevych 2017.01.14 08:24 #

should have

Version 1.5 2021.01.25

Disabled "send_mail" and "alert" notifications by default. They can be included in the "Inputs" tab if necessary.

Version 1.4 2020.07.28

Recompilation for a new terminal build

Version 1.3 2017.11.21

Added new input parameter signal_bar, which allows selecting the signal bar, according to which the indicator sends notifications. If signal_bar is set to First bar, the notifications on signals will be sent only when the first bar closes and the zero bar is opened.

Version 1.2 2016.11.08

Added the function for sending signals to email, as well as signal notifications using alerts.

Added new parameters.

send_mail - enable/disable sending signals to email
send_mail_test - enable/disable sending test message to email when the indicator starts
alerts - enable/disable signal notifications via alerts
uptrend_accel - enable/disable the "Acceleration uptrend" signal
uptrend_fad - enable/disable the "Fading uptrend" signal
downtrend_accel - enable/disable the "Acceleration downtrend" signal
downtrend_fad - enable/disable the "Fading downtrend" signal

Changed the method for controlling the drawing mode of the moving average (mode_ma). Now, values for this parameter can be selected from a drop-down list.

Version 1.1 2015.03.31

1. Improved performance
2. Reduced the default value of cmp_dev parameter