A simple interpretation of the Bollinger Bands indicator in a separate window.
Indicator input parameters:
//+-----------------------------------+ //| Indicator input parameters | //+-----------------------------------+ input Smooth_Method XMA_Method=MODE_SMA; // Method of averaging input int XLength=100; // Depth of averaging input int XPhase=15; // Parameter of averaging input int BandsPeriod=100; // Period of BB averaging input double BandsDeviation = 2.0; // Deviation input Applied_price_ IPC=PRICE_CLOSE; // Price constant input int Shift=0; // Horizontal shift of the indicator in bars
This indicator was first implemented in MQL4 and published in Code Base on 07.05.2008.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.
MT5 Indicator – Download Instructions
BBflat sw is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
BBflat sw provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install BBflat sw.mq5?
- Download BBflat sw.mq5
- Copy BBflat sw.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on BBflat sw.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator BBflat sw.mq5 is available on your Chart
How to remove BBflat sw.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: