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Re: Bollinger Bands type indicators for MT4

Banzai, Mon Jun 20, 2022 2:23 am

BB matome
(on/off button)

Banzai wrote: Sun Feb 09, 2020 3:26 am I was able to remake this Japanese indicator "ikokunomatome.ex4" where it can align these 6 signals:

DeMark
MACD
Momentum
RSI
CCI
Stochastic
I think ikokuno means indicator in Japanese.
I don't know what matome means.

You can turn the Moving Average on or off. The middle line is the Moving Average.

The condition is:

Code: Select all

if DeMark is greater than or equal 0.5 and
if MACD is greater than or equal zero and
if the Momentum is in an uptrend
if RSI is greater than or equal 50 and
if CCI is greater than or equal zero and
if the Stochastic is greater than or equal 50 and
then it's an UPTREND. Draw Cyan lines.

Vice versa for DOWNTREND.
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