Thanks to Banzai for the indicator posted #1907 in the Bollinger Bands thread.TEAMTRADER wrote: Fri Apr 05, 2024 2:43 am MBD (Multiple Band Deviations) Setup for 1 Minute Trading
Here is an easy to follow template. Similar to Guppy MMA only - in my opinion - more simple for those who understand how BB's work.
I have named them MBD - for Multiple Band Deviations.
The template is specificallyfor 1m scalper chart traders.
The alert is for ease of trading.
If trading longer periods than 1m scalping change the setting to 21-4-4.
TEAMTRADER
PS: Banzai has made a standalone indicator for the MDB's as well which is available here: Multiple Band Deviations indicator for MT4 and an additional follow-up post regarding this setup can also be found here.
This is how I have used it with on-screen stochastic levels that themselves give a wonderful visual record of current support and resistance levels via the indicator.
It is two indicators as I couldn't combine them - but thanks to Mladen as it is his original indicator adapted by me to suit my trading.
TEAMTRADER
