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Re: Bollinger Bands type indicators for MT4

GoldenBrett90, Wed Dec 06, 2023 4:53 am

kvak wrote: Tue Dec 05, 2023 8:54 pm There are lot of bands, what you have in mind? Post it in picture and I will look on it...
For scalping, what I did was delete the first set of high/low bands and left the outer two sets of bands to represent the overbought/oversold zones.

What I'm thinking is, color in the center area a very dark, midnight blue.
Then, color in between the top two bands, a very dark red (sell area).
And between the bottom two bands, a very dark green (buy area).

*The settings for this are: 8-period, LWMA, set to Median*
For scalping parabolic moves.
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