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Re: Bollinger Band type indicators for MT4
Posted: Tue Jun 25, 2019 12:43 pm
by BostonEJ
Greetings all,
I have been making my way through this thread and maybe I can save some time by asking here at the end. I'm looking for an indicator that puts BB around the ATR indicator. I tried to write this myself since I've had no luck finding this online but I am a super MQL novice. It would have the typical BB and ATR settings. I'm looking to use this indicator to signify when not to take a trade (when fast ATR jumps out of a fast BB.)
If anyone has seen such an indicator, please let me know. Thanks.
EJ
Re: Bollinger Band type indicators for MT4
Posted: Tue Jun 25, 2019 1:22 pm
by mrtools
BostonEJ wrote: Tue Jun 25, 2019 12:43 pm
Greetings all,
I have been making my way through this thread and maybe I can save some time by asking here at the end. I'm looking for an indicator that puts BB around the ATR indicator. I tried to write this myself since I've had no luck finding this online but I am a super MQL novice. It would have the typical BB and ATR settings. I'm looking to use this indicator to signify when not to take a trade (when fast ATR jumps out of a fast BB.)
If anyone has seen such an indicator, please let me know. Thanks.
EJ
Sounds like you could be looking for something like bbsqueeze, there is a version here
viewtopic.php?p=1294858845#p1294858845
Re: Bollinger Band type indicators for MT4
Posted: Wed Jun 26, 2019 4:02 am
by BostonEJ
Thanks for the idea. I checked it out and looks like it causes too many signals. I created the indi I was looking for on TradingView to compare against but cant figure out writing things on MQ4. I'm sure I'll find it somewhere. I cant be the first to think about it.
Thanks!
Re: Bollinger Band type indicators for MT4
Posted: Sat Jun 29, 2019 11:16 pm
by Jimmy
The Kirshenbaum Bands was developed by Paul Kirshenbaum who is a mathematician with a Ph .D. in Economics from NYU (New York Univeristy).
Kirshenbaum Bands use the Standard Error of Linear Regression lines of the Closing price to determine the width of the bands and has the effect of measuring Volatility in the current trend, rather than measuring Volatility for changes in trend.
This indicator was kindly translated and coded for MT4 by Mladen some time ago and can be used as a trend trading channel.
Re: Bollinger Band type indicators for MT4
Posted: Sun Jun 30, 2019 5:07 am
by SK_Rana
Jimmy wrote: Sat Jun 29, 2019 11:16 pm
The Kirshenbaum Bands was developed by Paul Kirshenbaum who is a mathematician with a Ph .D. in Economics from NYU (New York Univeristy).
Kirshenbaum Bands use the Standard Error of Linear Regression lines of the Closing price to determine the width of the bands and has the effect of measuring Volatility in the current trend, rather than measuring Volatility for changes in trend.
This indicator was kindly translated and coded for MT4 by Mladen some time ago and can be used as a trend trading channel.
Hi,
Can we get an alert/arrow after N numbers of bar closed outside completely the channel?
Thanks,
Rana
Re: Bollinger Band type indicators for MT4
Posted: Sun Jun 30, 2019 4:17 pm
by moey_dw
SK_Rana wrote: Sun Jun 30, 2019 5:07 am
Hi,
Can we get an alert/arrow after N numbers of bar closed outside completely the channel?
Thanks,
Rana
gr8 idea think this will be nice development........... hopes mrtool or pacois can investigate
Re: Bollinger Band type indicators for MT4
Posted: Mon Jul 01, 2019 1:27 am
by mrtools
SK_Rana wrote: Sun Jun 30, 2019 5:07 am
Hi,
Can we get an alert/arrow after N numbers of bar closed outside completely the channel?
Thanks,
Rana
Added alerts and made it more userfriendly.
Re: Bollinger Band type indicators for MT4
Posted: Mon Jul 01, 2019 1:58 am
by Jimmy
mrtools wrote: Mon Jul 01, 2019 1:27 am
Added alerts and made it more userfriendly.
Thank you for this solid upgrade Mrtools

Re: Bollinger Band type indicators for MT4
Posted: Mon Jul 01, 2019 8:51 pm
by pacois
SK_Rana wrote: Sun Jun 30, 2019 5:07 am
Hi,
Can we get an alert/arrow after N numbers of bar closed outside completely the channel?
Thanks,
Rana
try
Re: Bollinger Band type indicators for MT4
Posted: Mon Jul 01, 2019 11:16 pm
by moey_dw
pacois wrote: Mon Jul 01, 2019 8:51 pm
try
thx u pacois & mrtool......... u both are kindest souls
