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Re: MT4 Indicator requests and ideas

som3nam3, Mon Apr 27, 2020 9:36 pm

Hi @mladen @mrtools,

I have an idea for an indicator. Can you make an arrow when the situation bellow happens at/near the bollinger band edges. As can be seen from the pictures the price is at the edge of the BB in all the 4 time frames. Going short there would give a higher probability of success. An idea would be to make a MTF version such that you can set your focus on the time frame you like to trade. For example, I trade on the 15 min chart and the indicator checks the 1 min, 5 min and the 30 min chart bollinger band edges to see if the price is also there at the edges. You can make several degrees of reversal probability depending if the price is aligned at multiple timeframes. To avoid fake signals maybe you can add the option of candle type. For example at the lower time frames there should be a bearish candle already.
Thanks in advance!
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