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Re: Bollinger Band type indicators for MT4

Hi All,

Is there a %B indicator in it's original form that draws divergences and has similar input parameters to the SVE BB Divergence indicator that has been posted on the thread.
Alternatively can the settings in the SVE BB indicator be altered to match the original %b? If so what are those settings.

Any help is appreciated.

Re: Bollinger Band type indicators for MT4

mrtools wrote:
Mon Jan 29, 2018 4:50 am
Updated this version to use the new format bb stops, need the indicator posted for the EA to work.
Haven't tested it in a live market so please use with caution.
BB Stops + Background Zones

BB = Bollinger Bands
Bands = Standard Deviation Bands
new format = draw the lines exactly like the curves of the bands
Stops = draw only 1 green line instead of two for an uptrend and a red line for the downtrend
AHTF = Automatic Higher Time Frame
You can turn the background zones on or off

This indicator can draw some green candles if they're in an uptrend and red candles if they're in a downtrend

Watch out for Bollinger Band Squeezes.
BB stops (new format + zones alerts AHTF) 1.4.mq4
(28.51 KiB) Downloaded 359 times
BB Stops Zones.png
12/6/21: I'm moving again; will see you around 1/15/22; roach problem, lol

Re: Bollinger Band type indicators for MT4

Deez wrote:
Fri Nov 05, 2021 4:33 pm
Hi MrTools,

Can you please modify this indicator to color candles when it breaks the upper/lower line. And could you please add buffers to it, I need to pull the indicator into my dashboard.

Thanks so much.
Added the candles they are the first 4 buffers, or you can use buffer #7 which is the trend buffer determining the candle color.
ATR Bands 2.01 (candles).ex4
(44.59 KiB) Downloaded 291 times

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