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Bollinger Bands and bar position

The indicator based on Bollinger Bands parameters determines the bar's position and displays the value in the indicator window.
When a bar closes below the lower Bollinger Bands line, the indicator value becomes negative.
In such a case, one can expect an imminent market reversal and an upward movement.
When a bar closes above the upper Bollinger Bands line, the indicator value becomes greater than 1.
In such a case, one can expect an imminent market reversal and a downward movement.
It is advisable to use other indicators to confirm signals.


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Shiv Raj Kumawat
WHY IS OUR FXACCCURATE LS MT5 THE PROFITABLE ? PROTECT YOUR CAPITAL WITH RISK MANAGEMENT Gives entry, stop and target levels from time to time. It finds Trading opportunities by analyzing what the price is doing during established trends. POWERFUL INDICATOR FOR A RELIABLE STRATEGIES We have made these indicators with a lot of years of hard work. It is made at a very advanced level. Established trends provide dozens of trading opportunities, but most trend indicators completely ignore them!
L'indicateur d'inversion ADR vous montre en un coup d'œil où le prix se négocie actuellement par rapport à sa fourchette quotidienne moyenne normale. Vous recevrez des alertes instantanées par pop-up, e-mail ou push lorsque le prix dépasse sa fourchette moyenne et les niveaux supérieurs de votre choix afin que vous puissiez sauter rapidement dans les reculs et les inversions. L'indicateur trace des lignes horizontales sur le graphique aux extrêmes de la fourchette quotidienne moyenne ainsi que
Le profit de la structure du marché change à mesure que le prix s'inverse et recule. L'indicateur d'alerte d'inversion de la structure du marché identifie le moment où une tendance ou un mouvement de prix approche de l'épuisement et est prêt à s'inverser. Il vous avertit des changements dans la structure du marché qui se produisent généralement lorsqu'un renversement ou un recul majeur est sur le point de se produire. L'indicateur identifie initialement les cassures et la dynamique des prix,
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The indicator has only one parameter - the number of bars for analysis. The indicator calculates statistics for when the market was moving down, when it was moving up, and the number of bars for each movement. From this data, the average number of bars is calculated, which is displayed in the indicator window. If the indicator values sharply decrease, then the market is preparing for an upward movement. If the indicator values persist at high levels for an extended period, then the market is pre
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Upon launching the script, you will need to specify three parameters: the desired Take Profit, an acceptable Loss level, and a Magic number. Following this, a panel with five buttons is generated: Close all trades - regardless of profit or loss. Close only BUY trades. Close only SELL trades. Close trades with profits greater than Take Profit. Close trades with losses exceeding Loss. All closures are performed ONLY based on the specified Magic number. The panel can be moved within the chart windo
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The custom Bollinger Bands Height indicator measures and displays the current state of the Bollinger Bands indicator, showing whether the bands are widening (moving away from each other) or narrowing (starting to converge). Contraction, indicated by the narrowing of the bands, suggests that the current market movement is losing momentum and hints at the potential start of a new strong movement. This can be a signal to look for an opportune moment to enter a position, as a sharp price change ma
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