PZ Bollinger Trend MT5

4.89

A personal implementation of the famous Bollinger bands indicator as a trend following mechanism, which uses a moving average and the standard deviation to define what a trend is and when it changes. Bollinger bands are usually used as an oversold/overbought indicator only, but in my opinion, the trading approach is more complete using the trend variant as an exit strategy. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Easy to trade
  • Customizable colors and sizes
  • It is non-repainting and non-backpainting
  • It is fantastic as a trailing stop method
  • It implements alerts of all kinds


Settings

When loading the indicator to any chart, you will be presented with a set of options as input parameters. Do not despair if you think they are too many, because parameters are grouped into self-explanatory blocks. This is what each block of parameters does.

  • Period - MA period of Bollinger bands.
  • Deviation - standard deviation for Bollinger bands.
  • Max History Bars - past bars to draw when the indicator loads.
  • Drawing Settings - colors and sizes for arrow objects.
  • Alerts - enable/disable alerts of all kinds, or set a custom alert text.

    Author

    Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.


    İncelemeler 9
    Rafal Krzysztof Manuszewski
    2387
    Rafal Krzysztof Manuszewski 2024.09.13 18:29 
     

    helpful indicator

    PichaiPraphas
    69
    PichaiPraphas 2024.07.25 04:40 
     

    GREAT~!

    Detleff Böhmer
    3062
    Detleff Böhmer 2023.06.22 16:19 
     

    Gut gemacht!

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    Temirlan Kdyrkhan
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    Temirlan Kdyrkhan
    ARICoin is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or email Cust
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    Roman Podpora
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    5 (1)
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
    4.27 (11)
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    PZ TRADING SLU
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    FREE
    Identify trending and flat markets effortlessly This indicator calculates how much has a symbol moved in relative terms to find trending or flat markets. It displays what percentage of the latest price range is directional. It can be used to avoid trading in flat markets, or to find flat markets to execute range-bound trading strategies. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] A value of zero means the market is absolutely flat A value of 100 means the marke
    FREE
    The Stretch is a Toby Crabel price pattern which represents the minimum average price movement/deviation from the open price during a period of time, and is used to calculate two breakout levels for every single trading day. It is calculated by taking the 10 period SMA of the absolute difference between the open and either the high or low, whichever difference is smaller. This value is used to calculate breakout thresholds for the current trading session, which are displayed in the indicator as
    FREE
    Identify trending and flat markets effortlessly This indicator calculates how much has a symbol moved in relative terms to find trending or flat markets. It displays what percentage of the latest price range is directional. It can be used to avoid trading in flat markets, or to find flat markets to execute range-bound trading strategies. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] A value of zero means the market is absolutely flat A value of 100 means the marke
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    PZ Pivot Points
    PZ TRADING SLU
    4.6 (10)
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    Filtrele:
    Rafal Krzysztof Manuszewski
    2387
    Rafal Krzysztof Manuszewski 2024.09.13 18:29 
     

    helpful indicator

    PichaiPraphas
    69
    PichaiPraphas 2024.07.25 04:40 
     

    GREAT~!

    Detleff Böhmer
    3062
    Detleff Böhmer 2023.06.22 16:19 
     

    Gut gemacht!

    WILDTOMATO12
    14
    WILDTOMATO12 2023.06.11 14:05 
     

    greatest!!

    James Erasmus
    2257
    James Erasmus 2023.04.22 17:30 
     

    Great product, keeps the bar high for developers this is quality. Sure accuracy is not great when market consolidates, needs to be combined with another indi to solve that. A superb contributor, many thanks

    V1ctor
    65
    V1ctor 2023.02.01 08:00 
     

    Хороший. Спасибо.

    63390699 Kong
    20
    63390699 Kong 2022.10.03 00:39 
     

    How can debugging effectively avoid the problem of hysteresis? 请问如何调试能有效避免滞后性的问题呢?

    KATTY2010
    196
    KATTY2010 2022.07.10 23:09 
     

    buena

    fangliu1
    44
    fangliu1 2021.12.29 17:46 
     

    This is a perfect indicator. I love it and thank you.

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