Moving AveragesRe: Bollinger Bands type indicators for MT4

1202
Dear Mr Tools,
Please help me if you have time.
Add MTF and buttons and all averages to this gem
Infinite merit <3
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.

Re: Bollinger Bands type indicators for MT4

1205
mrtools wrote: Thu Jul 28, 2022 3:11 am Looks to me, even thou it says nrp it repaints, sorry.
:sweat: I only know now that it will be repainted. . . It's ok. .. thank you Mr Tools
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.


Re: Bollinger Bands type indicators for MT4

1206
Hello 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,
These users thanked the author chris006 for the post:
Jedidiah

Re: Bollinger Bands type indicators for MT4

1207
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
Image
Made a mt4 version, not sure how close it is though.
These users thanked the author mrtools for the post (total 2):
Jedidiah, ionone

Re: Bollinger Bands type indicators for MT4

1208
mrtools wrote: Thu Aug 04, 2022 2:13 am Made a mt4 version, not sure how close it is though.
Image
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


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.
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.

Re: Bollinger Bands type indicators for MT4

1209
mrtools wrote: Thu Aug 04, 2022 2:13 am Made a mt4 version, not sure how close it is though.
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
For reference, the Bermaui bands were re-made by Darks for MT4, over here as: Inverse Bollinger Bands (Bermaui).
These users thanked the author ChuChu Rocket for the post:
Jedidiah
Important: The worst forex brokers of all time 👎

Re: Bollinger Bands type indicators for MT4

1210
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
Version with arrows, alerts, and deviation control. And not sure how close it is to Darks or the original author's versions.
These users thanked the author mrtools for the post (total 3):
Jedidiah, SijjiN, Jimmy


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