Re: Bollinger Bands type indicators for MT4
Posted: Tue Apr 18, 2023 6:41 am
Abdi wrote: Mon Apr 17, 2023 11:33 pmHi, i would like to share this bollinger bands indicator for those who like to trade with them. I particularly like the stats. It could be used in different ways. To scalp around div 3, trend and or trade breakouts when price stays around the upper or lower div bands, ...
Idk if its possible to convert it to mt4 but i think it would look great and help.
Code: Select all
//@version=5 /// ███ █ █ █ ███ █ █ █ ███ ███ ███ ███ ███ ███ ██▄ ███ █ █ ████ /// █▄█ █ █ █ █▄▄ █ █ █ █ █▄ █▄█ █ █▄ █▄█ █ █ █ ██▄█ █ ▄▄ /// █ █▄█ ███ ▄▄█ ███ █▄█ █ █ █ █ █ █ █ █ █ █ ███ ▄█▄ █ ██ █▄▄█ /// © PlusUltraTrading indicator(title='Bollinger Bands assumption percentige Mod', overlay=true) /////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// /////////////////////////////////////////--------------------- BaseLine --------------------/////////////////////////////////////// /////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// BaseLine_show = input(defval=true, title='Show BaseLine + Bands', group='══════════════════ BaseLine ══════════════════') BaseLine_Type = input.string(defval='SMA | Simple MA', title='Type', options=['SMA | Simple MA', 'SMMA | Smoothed MA'], group='══════════════════ BaseLine ══════════════════', inline='BaseLine') BaseLine_Length = input.int(defval=34, minval=1, title='Length', group='══════════════════ BaseLine ══════════════════', inline='BaseLine') BaseLine_Source = input.source(defval=close, title='Source', group='══════════════════ BaseLine ══════════════════', inline='BaseLine') mult1 = input.float(defval=1.0, minval=0.001, maxval=50, title='Mult', inline='mult1', group='══════════════════ BaseLine ══════════════════') mult2 = input.float(defval=1.0, minval=0.001, maxval=50, title='Mult', inline='mult2', group='══════════════════ BaseLine ══════════════════') mult3 = input.float(defval=3.0, minval=0.001, maxval=50, title='Mult', inline='mult3', group='══════════════════ BaseLine ══════════════════') upperbase_colbull = input.color(defval=color.new(#434651, 0), title='U|Base Bull', inline='BaseLine Style', group='══════════════════ BaseLine ══════════════════') upperbase_colbear = input.color(defval=color.new(#2a2e39, 0), title='U|Base Bear', inline='BaseLine Style', group='══════════════════ BaseLine ══════════════════') lowerbase_colbull = input.color(defval=color.new(#434651, 0), title='L|Base Bull', inline='BaseLine Style', group='══════════════════ BaseLine ══════════════════') lowerbase_colbear = input.color(defval=color.new(#2a2e39, 0), title='L|Base Bear', inline='BaseLine Style', group='══════════════════ BaseLine ══════════════════') upper1_colbull = input.color(defval=color.new(#009f6a,0), title='U|Bull', inline='mult1', group='══════════════════ BaseLine ══════════════════') upper1_colbear = input.color(defval=color.new(#005d3e,0), title='U|Bear', inline='mult1', group='══════════════════ BaseLine ══════════════════') lower1_colbull = input.color(defval=color.new(#64005e,0), title='L|Bull', inline='mult1', group='══════════════════ BaseLine ══════════════════') lower1_colbear = input.color(defval=color.new(#9e0095,0), title='L|Bear', inline='mult1', group='══════════════════ BaseLine ══════════════════') upper2_colbull = input.color(defval=color.new(#00ffa9,0), title='L|Bull', inline='mult2', group='══════════════════ BaseLine ══════════════════') upper2_colbear = input.color(defval=color.new(#009f6a,0), title='L|Bear', inline='mult2', group='══════════════════ BaseLine ══════════════════') lower2_colbull = input.color(defval=color.new(#9e0095,0), title='L|Bull', inline='mult2', group='══════════════════ BaseLine ══════════════════') lower2_colbear = input.color(defval=color.new(#ff00d7,0), title='L|Bear', inline='mult2', group='══════════════════ BaseLine ══════════════════') upper3_colbull = input.color(defval=color.new(#ffbe1d,0), title='L|Bull', inline='mult3', group='══════════════════ BaseLine ══════════════════') upper3_colbear = input.color(defval=color.new(#ffbe1d,33), title='L|Bear', inline='mult3', group='══════════════════ BaseLine ══════════════════') lower3_colbull = input.color(defval=color.new(#f7525f,33), title='L|Bull', inline='mult3', group='══════════════════ BaseLine ══════════════════') lower3_colbear = input.color(defval=color.new(#f7525f,0), title='L|Bear', inline='mult3', group='══════════════════ BaseLine ══════════════════') //multiplier1_LineWidth = input.int(defval=2, title='L', inline='mult1', group='══════════════════ BaseLine ══════════════════')// //multiplier2_LineWidth = input.int(defval=2, title='L', inline='mult2', group='══════════════════ BaseLine ══════════════════')// //multiplier3_LineWidth = input.int(defval=2, title='L', inline='mult3', group='══════════════════ BaseLine ══════════════════')// ma_Type(_type, _src, _len) => float baseline = 0.0 if _type == 'SMA | Simple MA' baseline := ta.sma(_src, _len) else if _type == 'SMMA | Smoothed MA' w = ta.wma(_src, _len) baseline := na(w[1]) ? ta.sma(_src, _len) : (w[1] * (_len - 1) + _src) / _len basis = ma_Type(BaseLine_Type, BaseLine_Source, BaseLine_Length) upper1 = basis + mult1 * ta.stdev(BaseLine_Source, BaseLine_Length) lower1 = basis - mult1 * ta.stdev(BaseLine_Source, BaseLine_Length) upper2 = basis + mult2 * ta.stdev(BaseLine_Source, BaseLine_Length) lower2 = basis - mult2 * ta.stdev(BaseLine_Source, BaseLine_Length) upper3 = basis + mult3 * ta.stdev(BaseLine_Source, BaseLine_Length) lower3 = basis - mult3 * ta.stdev(BaseLine_Source, BaseLine_Length) plot_basis = plot(BaseLine_show ? basis : na, title='BaseLine', color=upperbase_colbull) plot_upper1 = plot(BaseLine_show ? upper1 : na, title='Upper 1', color=upper1_colbull) plot_lower1 = plot(BaseLine_show ? lower1 : na, title='Lower 1', color=lower1_colbear) plot_upper2 = plot(BaseLine_show ? upper2 : na, title='Upper 2', color=upper2_colbull) plot_lower2 = plot(BaseLine_show ? lower2 : na, title='Lower 2', color=lower2_colbear) plot_upper3 = plot(BaseLine_show ? upper3 : na, title='Upper 3', color=upper3_colbull) plot_lower3 = plot(BaseLine_show ? lower3 : na, title='Lower 3', color=lower3_colbear) ///////////////////////////////////////--------------------- BB STD Bar coloring ------------------///////////////////////////////////////// BBSTD_showbarcolor = input(defval=true, title='Color Bars/Candles based on STD Value', group='══════════════════ BaseLine ══════════════════') cond1bear = close>basis and close<upper1 and open > close cond1bull = close>basis and close<upper1 and close > open cond2bear = close>basis and close>upper1 and close<upper2 and open > close cond2bull = close>basis and close>upper1 and close<upper2 and close > open cond3bear = close>basis and close>upper1 and close>upper2 and close<upper3 and open > close cond3bull = close>basis and close>upper1 and close>upper2 and close<upper3 and close > open cond4bear = close>basis and close>upper1 and close>upper2 and close>upper3 and open > close cond4bull = close>basis and close>upper1 and close>upper2 and close>upper3 and close > open cond5bear = close<basis and close>lower1 and open > close cond5bull = close<basis and close>lower1 and close > open cond6bear = close<basis and close<lower1 and close>lower2 and open > close cond6bull = close<basis and close<lower1 and close>lower2 and close > open cond7bear = close<basis and close<lower1 and close<lower2 and close>lower3 and open > close cond7bull = close<basis and close<lower1 and close<lower2 and close>lower3 and close > open cond8bear = close<basis and close<lower1 and close<lower2 and close<lower3 and open > close cond8bull = close<basis and close<lower1 and close<lower2 and close<lower3 and close > open BBSTD_barcolor = cond1bear ? na : cond2bear ? upper1_colbear : cond3bear ? upper2_colbear : cond4bear ? upper3_colbear : cond5bear ? na : cond6bear ? lower1_colbear : cond7bear ? lower2_colbear : cond8bear ? lower3_colbear : cond1bull ? na : cond2bull ? upper1_colbull : cond3bull ? upper2_colbull : cond4bull ? upper3_colbull : cond5bull ? na : cond6bull ? lower1_colbull : cond7bull ? lower2_colbull : cond8bull ? lower3_colbull : na barcolor(BBSTD_showbarcolor ? BBSTD_barcolor : na, title='Bar/Candle-colors Trend') ///////////////////////////////////////--------------------- BB STD Stats ------------------///////////////////////////////////////// BBSTD_show_stats = input(defval=true, title='Show BB STD Stats', group='══════════════════ BaseLine ══════════════════') if BBSTD_show_stats perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1,border_color=upperbase_colbull) box.set_lefttop(perc_line, left=bar_index + 3, top=upper1) box.set_rightbottom(perc_line, right=bar_index + 3, bottom=basis) box.delete(perc_line[1]) wa_low_perc_line_l = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=upperbase_colbear) box.set_lefttop(wa_low_perc_line_l, left=bar_index + 3, top=basis) box.set_rightbottom(wa_low_perc_line_l, right=bar_index + 3, bottom=lower1) box.delete(wa_low_perc_line_l[1]) wa_up_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=upper1_colbull) box.set_lefttop(wa_up_perc_line, left=bar_index + 3, top=upper2) box.set_rightbottom(wa_up_perc_line, right=bar_index + 3, bottom=upper1) box.delete(wa_up_perc_line[1]) wa_low_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=lower1_colbear) box.set_lefttop(wa_low_perc_line, left=bar_index + 3, top=lower1) box.set_rightbottom(wa_low_perc_line, right=bar_index + 3, bottom=lower2) box.delete(wa_low_perc_line[1]) ao_up_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=upper2_colbull) box.set_lefttop(ao_up_perc_line, left=bar_index + 3, top=upper3) box.set_rightbottom(ao_up_perc_line, right=bar_index + 3, bottom=upper2) box.delete(ao_up_perc_line[1]) ao_low_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=lower2_colbear) box.set_lefttop(ao_low_perc_line, left=bar_index + 3, top=lower2) box.set_rightbottom(ao_low_perc_line, right=bar_index + 3, bottom=lower3) box.delete(ao_low_perc_line[1]) // total number var bars = 1 if upper3 != upper3[1] bars += 1 // number that close > upper1 var u1 = 0.0 if upper1 <= close u1 += 1 // number that close > upper2 var u2 = 0.0 if upper2 <= close u2 += 1 // number that close > upper3 var u3 = 0.0 if upper3 <= close u3 += 1 // number that close < lower1 var l1 = 0.0 if lower1 >= close l1 += 1 // number that close < lower2 var l2 = 0.0 if lower2 >= close l2 += 1 // number that close < lower3 var l3 = 0.0 if lower3 >= close l3 += 1 //probability p_u1 = u1/bars * 100 p_l1 = l1/bars * 100 p_u2 = u2/bars * 100 p_l2 = l2/bars * 100 p_u3 = u3/bars * 100 p_l3 = l3/bars * 100 if BBSTD_show_stats var label label_u1 = na label.delete(label_u1) label_u1 := label.new(bar_index+9, upper1, text='' + str.tostring(mult1) + ' : ' + str.tostring(p_u1,'#.##')+'%', style=label.style_label_left, color=na, textcolor=upper2_colbear,textalign=text.align_left) var label label_u2 = na label.delete(label_u2) label_u2 := label.new(bar_index+9, upper2, text='' + str.tostring(mult2) + ' : ' + str.tostring(p_u2,'#.##')+'%', style=label.style_label_left, color=na, textcolor=upper2_colbull,textalign=text.align_left) var label label_u3 = na label.delete(label_u3) label_u3 := label.new(bar_index+9, upper3, text='' + str.tostring(mult3) + ' : ' + str.tostring(p_u3,'#.##')+'%', style=label.style_label_left, color=na, textcolor=upper3_colbull,textalign=text.align_left) var label label_l1 = na label.delete(label_l1) label_l1 := label.new(bar_index+9, lower1, text='' + str.tostring(-mult1) + ' : ' + str.tostring(p_l1,'#.##')+'%', style=label.style_label_left, color=na, textcolor=lower2_colbull,textalign=text.align_left) var label label_l2 = na label.delete(label_l2) label_l2 := label.new(bar_index+9, lower2, text='' + str.tostring(-mult2) + ' : ' + str.tostring(p_l2,'#.##')+'%', style=label.style_label_left, color=na, textcolor=lower2_colbear,textalign=text.align_left) var label label_l3 = na label.delete(label_l3) label_l3 := label.new(bar_index+9, lower3, text='' + str.tostring(-mult3) + ' : ' + str.tostring(p_l3,'#.##')+'%', style=label.style_label_left, color=na, textcolor=lower3_colbear,textalign=text.align_left) var label label_total = na label.delete(label_total) label_total := label.new(bar_index+15, basis, text=BaseLine_Type + ' : ' + str.tostring(BaseLine_Length) + ' | Bars Back ' + str.tostring(bars,"#"), style=label.style_label_left, color=na, textcolor=#636363,textalign=text.align_left)
I know it's not exactly what you're looking for, but maybe this could help.
