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Re: Bollinger Band type indicators for MT4

#541
Banzai wrote:
Fri Jan 03, 2020 9:30 am
mrtools wrote:
Sun Feb 19, 2017 1:58 am
This is the bollinger band squeeze, the squeeze is represented by the dots,
green equals squeeze breakout
red means the bollinger bands are inside the keltner channel generally representing a flat market.
The color histogram is calculated using linear regression.
Alerts are on squeeze breakout and or on all phases of the color change on the histogram.
I modified the indicator a little bit.

red "X" = do not trade
green dot = OK to trade

This version is better. It has alerts, mtf and any Forex pair. from mladen and mr. tool.
It is a very good indicator - but it has a problem:
This indicator freezes up the screen if you want to use MTF!
Can you check it, please and make the necessary alterations in the code?


Re: Bollinger Band type indicators for MT4

#543
josi wrote:
Sat Apr 25, 2020 9:50 pm
Banzai wrote:
Fri Jan 03, 2020 9:30 am


I modified the indicator a little bit.

red "X" = do not trade
green dot = OK to trade

This version is better. It has alerts, mtf and any Forex pair. from mladen and mr. tool.
It is a very good indicator - but it has a problem:
This indicator freezes up the screen if you want to use MTF!
Can you check it, please and make the necessary alterations in the code?
Should be fixed in this version.
bbsqueeze alerts (mtf & multi symbol) 1.2.mq4
(19.57 KiB) Downloaded 234 times
bb sqz fix.png

Re: Bollinger Band type indicators for MT4

#544
mrtools wrote:
Sun Apr 26, 2020 12:30 pm
josi wrote:
Sat Apr 25, 2020 9:50 pm
Should be fixed in this version.
You're the best!
and as ever: something for you to ponder:
cross 0, cross 50 (Stoch), OB/OS - these approaches are not wrong as such but produce late signals + often false signals
on the other hand:
2 TFs + change of slope direction produce the best possible signals to enter a trade (false signals will always be part of trading).
So - generally speaking - it might be worth everybody's time to alter the indicators' visual trading zones.
No more cross x (like in this case cross 0) but instead:
change of slope direction
But then again you're the master coder and you decide...
EURCADH1.png

Re: Bollinger Band type indicators for MT4

#545
mrtools wrote:
Sun Apr 26, 2020 12:30 pm
josi wrote:
Sat Apr 25, 2020 9:50 pm

It is a very good indicator - but it has a problem:
This indicator freezes up the screen if you want to use MTF!
Can you check it, please and make the necessary alterations in the code?
Should be fixed in this version.
It works great now... thanks :thumbup:


Re: Bollinger Band type indicators for MT4

#549
mrtools wrote:
Fri May 01, 2020 6:13 am
Added zero cross vertical lines.
Thanks very much for your ongoing work.

If you look at your own screenshot and the zero-cross-vertical-lines:
are these the best entry points?
If you had the lines at slope direction change:
would the entry points (using your own screenshot) be better?
Why would anyone knowingly choose worse entry points when he/she could just as easily get better ones (applying the same function but at a different reference point)?

Re: Bollinger Band type indicators for MT4

#550
Hi MrTools,

With the latest bbsqueeze update, when I switch from current timeframe to a MTF, the squeeze line is disappeared. The previous update (ver 1.2) was fine.
mrtools wrote:
Fri May 01, 2020 6:13 am
notice wrote:
Thu Apr 30, 2020 12:55 pm
Hi mrtools !
You are the best !
Can you add vertical line when it's cross 0 line ? Like this .
Hope you will help me . Thanks a lot !
Added zero cross vertical lines.
latest bbsqueeze.jpg


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