Re: Bollinger Band type indicators for MT4

542
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.
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Re: Bollinger Band type indicators for MT4

543
mrtools wrote: Sun Apr 26, 2020 12:30 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...
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Re: Bollinger Band type indicators for MT4

546
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.
These users thanked the author mrtools for the post (total 8):
chris006, notice, josi, pipsquirrel, jasonx, 太虚一毫, Thangarasu, Jedidiah

Re: Bollinger Band type indicators for MT4

548
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
chris006 wrote: Fri May 01, 2020 5:35 pm 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.

Should be fixed in this version.
These users thanked the author mrtools for the post (total 5):
chris006, pipsquirrel, jasonx, Jedidiah, 太虚一毫


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