Re: Bollinger Band type indicators for MT4

147
Many years ago at a forex convention in Las Vegas I spoke with Mr. Bollinger about using LSMA instead of SMA and he mentioned he has been meaning to test that.
I also noticed a mention of the problem with STDDEV. When I find it I have that working with different custom MAs as well
Here are 2 modified versions from this group with lsma added as a moving average type.

Re: Bollinger Band type indicators for MT4

148
MrPip wrote: Mon May 29, 2017 4:47 am Many years ago at a forex convention in Las Vegas I spoke with Mr. Bollinger about using LSMA instead of SMA and he mentioned he has been meaning to test that.
I also noticed a mention of the problem with STDDEV. When I find it I have that working with different custom MAs as well
Here are 2 modified versions from this group with lsma added as a moving average type.
Hi MrPip
I think filter version doing good job :)
white/magenta lines in both pictures from filter ver
i guess 33 prices will be help more to precise fitting - and if rest of possible applicable methods added,it will become a fantastic tool
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Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: Bollinger Band type indicators for MT4

149
Hi Experts
I am curious to know,what is the actual definition and calculation difference in between LSMA (least squares moving average) from "Bollinger bands lsma filtered" indicator - and LSMA (linear regression value) from "averages - mtf - alerts 9.0" indicator
in illustration pictures white/magenta from BB and blue/orange from Averages - with same parameters,equal periods and close price
mostly time they seems same but at some points they form differently in shape-in coloring
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.