Icarus BolliBand Change Display Indicator

Icarus Bolli-Band Change Display(TM) Indicator is a simple, but highly effective tool for visually identifying areas where the all-important 'Bollinger Band' values are in a state of expansion, contraction of neither.

The traditional Bollinger Bands have been widely applied to trading charts globally since their creation by John Bollinger several decades ago.

One of the limitations of the traditional Bollinger Bands is the ability to clearly identify when the bands are in fact expanding or contracting. This market environment indication is a critical element of any effective signal or strategy, particularly when overlaying other indicators for added confluence. 

The Icarus BolliBand Change Display Indicator provides a clear visual indication of when the market environment is in an expansion, contraction or neutral phase. 

The Indicator has a full range of optimisable inputs, allowing users to identify settings that best suit their trading style, instruments and preferred timezones. 

Optimisable and Customisable inputs include:

  • Bolli Periods, providing for a precise setting of duration and sensitivity. 
  • Bolli width, providing the fully adjustable standard deviation mark
  • Expansion Lookback, allowing users to adjust the distance back in time the % of expansion will compare. This feature allows users to ensure the best possible fit for different timeframes and instrument differences
  • Expansion % threshold, allowing users to identify allowable limits of expansion, to assist in clearing out 'noise' within the Bolli-Band conditions
  • Contraction Lookback, allowing users to adjust the distance back in time the % of contraction will compare. This feature allows users to ensure the best possible fit for different timeframes and instrument differences
  • Contraction % threshold, allowing users to identify allowable limits of contraction, to assist in clearing out 'noise' within the Bolli-Band conditions

Full colour and intensity customisation is also build in, ensuring every trader's preferred template style is most well suited. 

For users who prefer a chart without the clearly defined BolliBand Change Display shading, the on/off feature allows these elements to be removed and replaced with a coloured control-line only.

The BolliBand Change Display Indicator is an integral part of many Icarus Signal automated strategies, across FX, commodities and equities. It applies equally well to shorter timeframes as with longer timeframes, with customisation ensuring the best possible fit for your trading style.

The combination of the Bolli-Band Change Display Indicator with other indicators, including the suite of Icarus Indicators can be a powerful tool in your trade development arsenal. 

With the Icarus Reversals Indicator and Icarus Continuation Indicator both having in-built Bolli-Band code overlay, users have the opportunity to perfectly fit the combination of Icarus Indicator parameters to meet their preferred trading style and instrument types. 

If you have any questions or would like additional information, please don't hesitate to contact the Icarus team via the MQL5 community, or via email at: team@icarussignals.com.

YouTube Tutorial Video coming soon!

Yours in trading confidence

Icarus Signals



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Super Signal – Skyblade Edition Sistema profissional de sinais de tendência sem repintar / sem atraso com taxa de acerto excepcional | Para MT4 / MT5 Funciona melhor em timeframes mais curtos, como 1 minuto, 5 minutos e 15 minutos. Principais características: Super Signal – Skyblade Edition é um sistema inteligente de sinais desenvolvido especificamente para operações com tendência. Utiliza uma lógica de filtragem em múltiplas camadas para detectar apenas movimentos direcionais fortes sustenta
Indicador NextCandlePredictor NextCandlePredictor, um indicador de sinal com alerta que não repinta, não muda de cor, não se move, não desaparece e não tem lag. Ele ajudará a identificar a direção da próxima ou próximas velas em qualquer período de tempo. Altamente recomendado para mercados de alta volatilidade, como Nova York, Londres ou até mesmo a sobreposição de ambos. Principais Características: Versatilidade em Timeframes: Fornece sinais rápidos e precisos em qualquer timeframe, de M1 a H1
Volatility Master for MetaTrader is a real-time dashboard tool that scans up to 56 symbols using up to 2 flexible dashboards on different charts to identify high-volatility, trending markets instantly. With clear bullish/bearish signals, customizable alerts, and a user-friendly interface, it helps you avoid range-bound conditions and focus on high-probability trades. Clarity leads to confidence. Trade confidently and protect your capital effectively with this powerful dashboard. Setup & Guide: 
Desenvolvi metodos para negociacao coletados em um indicador. Na forma de setas, define entradas na direcao da tendencia. Possui 2 tipos de setas - guias de tendencia e de sinal, informando sobre o movimento potencial na direcao da tendencia. Funciona sem redesenho, pronto para uso em todos os simbolos/ferramentas. Os prazos mais adequados para usar sao M15, M30, H1, H4. Como usar O indicador encontra a direcao da tendencia na forma de uma seta de sinal, um retangulo grafico se estende ao long
This is Multiple Timeframe of Malaysia SNR Levels and Storyline. The single timeframe version   here Features: + Display level on multiple timeframe (higher or lower) + Turn on/off level on timeframe + Alert when price touch level 1. if high > resistance level but close of candle < resistance level , this level become unfresh - Name of level will have "(m)" meaning mitigated if   close of candle > resistance level , this level become invalid and can be removed in chart (there is setting for keep
TPSpro RFI Levels
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INSTRUÇÕES RUS  /  INSTRUÇÕES   ENG  /  Versão MT5 Principais funções: Exibe zonas ativas de vendedores e compradores! O indicador exibe todos os níveis/zonas de impulso iniciais corretos para compras e vendas. Quando esses níveis/zonas são ativados, onde a busca por pontos de entrada começa, os níveis mudam de cor e são preenchidos com cores específicas. Setas também aparecem para uma percepção mais intuitiva da situação. LOGIC AI - Exibição de zonas (círculos) para busca de pontos de entrada
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