Alerts added.RockRobb wrote: Mon Jul 25, 2022 4:22 pm mrtools. . .whenever you have time. . .would you please create an alert for this incicator?
Everytime the price breached the Upper or Lower band
Thank you very much mrtools
Re: Bollinger Bands type indicators for MT4
1202Dear Mr Tools,
Please help me if you have time.
Add MTF and buttons and all averages to this gem
Infinite merit
Please help me if you have time.
Add MTF and buttons and all averages to this gem
Infinite merit
He who is not courageous enough to take risks will accomplish nothing in life
Re: Bollinger Band type indicators for MT4
1203that is a sick setup
0 + 0 = 0
Infinite / Infinite = 1
1 way to Heaven & it matters
people only serve God or money coincidence?
Infinite / Infinite = 1
1 way to Heaven & it matters
people only serve God or money coincidence?
Re: Bollinger Bands type indicators for MT4
1204Looks to me, even thou it says nrp it repaints, sorry.honje19960321 wrote: Wed Jul 27, 2022 2:02 am Dear Mr Tools,
Please help me if you have time.
Add MTF and buttons and all averages to this gem
Infinite meritBB_Analyzer_2.03_alerts_nrp.mq4
Re: Bollinger Bands type indicators for MT4
1205I only know now that it will be repainted. . . It's ok. .. thank you Mr Tools
He who is not courageous enough to take risks will accomplish nothing in life
Re: Bollinger Bands type indicators for MT4
1206Hello mrtools,
I have asuggestion for creating a histo version of the Goldbands indicator.
The idea is to substitute the bollinger bands in indicator Bollinger bands averages - histo (mtf + alerts)
found here in ex4 : download/file.php?id=3412552
with the attached goldbands indicator.
As an extra, could a zero level line be added that would show the colour numbers 3 and 4 (see in attached capture)? I see on the chart that the middle goldbands line (colours 3 and 4) is sometimes slower to respond than the price action in the bands.
This extra could also be added as an enhancement to indicator Bollinger bands averages - histo (mtf + alerts).
Thanking you in advance,
I have asuggestion for creating a histo version of the Goldbands indicator.
The idea is to substitute the bollinger bands in indicator Bollinger bands averages - histo (mtf + alerts)
found here in ex4 : download/file.php?id=3412552
with the attached goldbands indicator.
As an extra, could a zero level line be added that would show the colour numbers 3 and 4 (see in attached capture)? I see on the chart that the middle goldbands line (colours 3 and 4) is sometimes slower to respond than the price action in the bands.
This extra could also be added as an enhancement to indicator Bollinger bands averages - histo (mtf + alerts).
Thanking you in advance,
Re: Bollinger Bands type indicators for MT4
1207Made a mt4 version, not sure how close it is though.honje19960321 wrote: Wed Aug 03, 2022 8:55 pm Dear Mr Tools, Can u convert it to MT4 version? .
I really don't want to give money to MQL5 merchants for nothing.
I'd rather give it to our dearest Mr. Tools.
Gratitude
Re: Bollinger Bands type indicators for MT4
1208Thank you so much Mr. Tools for loving us so much. .
It Can be improved better.
Can be modified
Bring it closer to Muhammad Elbermawi's Bermaui Band
Code: Select all
Bermaui Bands (BB) is a technical analysis tool that helps filter between ranging and trending price movements. The idea behind this indicator can be explained in the next steps:
Calculate Standard Deviation as an oscillator that moves between 0 and 100. I will name it Bermaui Deviation percent (BD %).
If "BD %" is near zero then volatility is at its extreme. In addition, if "BD %" is near 100 then volatility is very low.
High volatility means a great probability for a trending market, while low volatility means side-way or ranging market.
Middle Line is a Simple Moving Average (SMA) because Standard Deviation is calculated depending on SMA.
Add "BD %" to a simple moving average with the same number of bars in the calculation to get The Upper Bermaui Band.
Subtract "BD %" from a simple moving average with the same number of bars in the calculation to get The Lower Bermaui Bands.
Important Information
Bermaui Bands User's Manual: https://www.mql5.com/en/blogs/post/718688
Bermaui Bands Expert Advisor Example: https://www.mql5.com/en/blogs/post/731143
How to use it
Use Bermaui Bands as a filter to help you identify trend direction.
If BB lines separate from each other then there is a great probability that price candles will move in a side-way or a ranging movement.
When BB lines separate from each other and price candles move in between them then trade with a ranging market strategy.
If BB lines combine like a single line then there is a great probability that price will move in a trending movement.
When BB lines combine like a single line and price candles move away from them then trade with a trending market strategy.
Features
Buy & Sell alert signals when price candles penetrate BB lines.
Suggested Stop loss that depends on a percent from Standard Deviation.
A well-designed style that users can control.
Sound, email alerts depending on the user choice.
Bermaui Bands most important inputs
1) Bermaui Bands Settings
Candles [Min =2]:The number of candles used in band calculations. If less than two the indicator will print a message and this parameter will be reset to default (= 50).
Deviation Multiplier [>0]:This parameter will help you to control Bermaui Band's width or how much far the bands can be away from the center-line (default is 2.1). It should be bigger than zero or the indicator will print a message and this parameter will be reset to default.
Bands Width:Choose the width of the bands (the median line will always be a dotted line).
Bands Color:Color of the bands. The default is Gray.
2) Arrow Settings
Show Arrow Signals:Show or hide signal arrows (default is true).
Buy Arrow Color:Default is Blue.
Sell Arrow Color:Default is Red.
3) Alert & Email Settings
Send Alert:Choose to use or stop alert sound and message Default is true.
Send Email:Option to send messages to the user by email. Default is false.
Send Notification:Option to send mobile notifications to the user. Default is false.
He who is not courageous enough to take risks will accomplish nothing in life
Re: Bollinger Bands type indicators for MT4
1209For reference, the Bermaui bands were re-made by Darks for MT4, over here as: Inverse Bollinger Bands (Bermaui).honje19960321 wrote: Thu Aug 04, 2022 2:24 am Thank you so much Mr. Tools for loving us so much. .
It Can be improved better.
Can be modified
Bring it closer to Muhammad Elbermawi's Bermaui Band
- These users thanked the author ChuChu Rocket for the post:
- Jedidiah
Re: Bollinger Bands type indicators for MT4
1210Version with arrows, alerts, and deviation control. And not sure how close it is to Darks or the original author's versions.honje19960321 wrote: Thu Aug 04, 2022 2:24 am Thank you so much Mr. Tools for loving us so much. .
It Can be improved better.
Can be modified
Bring it closer to Muhammad Elbermawi's Bermaui Bands