Re: Bollinger Band type indicators for MT4

132
forexblasters wrote: Tue May 09, 2017 8:08 pm Hi Mladen, is it possible to make a 4TF frame histo of the BBstops averages indicator please?
Thanks in advance,

Forexblasters
You can have it here
at 4 Time Frame & All TFs Indicators thread
http://www.forex-station.com/viewtopic.php?p=1295351034#p1295351034
and here
http://www.forex-station.com/viewtopic.php?p=1295351036#p1295351036
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

135
The usual issue with Bollinger bands is the following :
_____________________________
Bollinger bands is defined as SMA +- standard deviations
Now - what is less known, is that standard deviations are calculated using sma too. So, they fit naturally (the sma and standard deviations) in the Bollinger bands. But as soon as the sma is replaced for some other average type it becomes broken (that connection) and in some cases (like the proposed tema) I am not sure that a deviation of tema can be calculated at all. It is not just replacing the average for deviation calculations - that would be a "hit-and-run" method - since that will not reflect the nature of the average
_____________________________
To cut it short : some bands that are calculated as some average +- standar5d deviations are easy. But if that will be deviations of that exact average - that is quite a different story
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Re: Bollinger Band type indicators for MT4

137
mladen wrote: Tue May 09, 2017 9:27 pm The usual issue with Bollinger bands is the following :
_____________________________
Bollinger bands is defined as SMA +- standard deviations
Now - what is less known, is that standard deviations are calculated using sma too. So, they fit naturally (the sma and standard deviations) in the Bollinger bands. But as soon as the sma is replaced for some other average type it becomes broken (that connection) and in some cases (like the proposed tema) I am not sure that a deviation of tema can be calculated at all. It is not just replacing the average for deviation calculations - that would be a "hit-and-run" method - since that will not reflect the nature of the average
_____________________________
To cut it short : some bands that are calculated as some average +- standar5d deviations are easy. But if that will be deviations of that exact average - that is quite a different story
Thanks for the explanation Mladen... Will take it into account. Greetz,

Re: Bollinger Band type indicators for MT4

138
forexblasters wrote: Tue May 09, 2017 9:39 pm OK Mtiwana... but is there also a simple histo version of BB stops (new format - averages).ex4 indicator? I'm big fan of this indicator together with RSI related indicators...
GReetz,
As for i know there is only one Averages version from new format till now and there is no histo of that - then there are some versions from new format with usual averaging methods including tema but this histo version from new format without tema but usual 4 averaging methods
BB stops (new format - histo)
posted here : http://www.forex-station.com/viewtopic.php?p=1295353208#p1295353208
Attachments
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

139
As for i know there is only one Averages version from new format till now and there is no histo of that - then there are some versions from new format with usual averaging methods including tema but this histo version from new format without tema but usual 4 averaging methods
BB stops (new format - histo)
posted here : http://www.forex-station.com/viewtopic.php?p=1295353208#p1295353208
[/quote]

Thanks for checking!

Re: Bollinger Band type indicators for MT4

140
forexblasters wrote: Wed May 10, 2017 9:46 am As for i know there is only one Averages version from new format till now and there is no histo of that - then there are some versions from new format with usual averaging methods including tema but this histo version from new format without tema but usual 4 averaging methods
BB stops (new format - histo)
posted here : http://www.forex-station.com/viewtopic.php?p=1295353208#p1295353208
Thanks for checking!
[/quote]

Forexblasters, this would be a histo version of the bb stops of averages.


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