Re: Bollinger Bands type indicators for MT4

1101
BB MACD zero
(on/off button)


BB = Bollinger Bands
MACD zero means that
if MACD is above zero, then draw a GREEN dot
else if MACD is below zero, then draw a RED dot.

If you see a bunch of green dots, go LONG/BUY
If you see a bunch of red dots, go SHORT/SELL

The line in the middle is the Moving Average. The default is SMA (20).
You can turn the price label of the Moving Average on or off.
If MACD is a downtrend, then the price label color is red.
If MACD is an uptrend, then the price label color is green.
The color of the price label is based on the MACD.
It's not based on the Moving Averages. It's confusing here.

For the Moving Average, you get to choose from the basic 4:
Simple Moving Average,
Exponential Moving Average,
Smooth Moving Average,
and
Linear Weighted Moving Average.

For the prices, you get to choose from the basic 7:
Close, Open, High, Low, Median, Typical, or Weighted.

You can choose to display 1 band, double bands, or multiple bands.
The Bands are just standard deviations.

Watchout for Bollinger band squeezes. Trade on the breakout of the squeezes.
These users thanked the author Banzai for the post (total 8):
太虚一毫, Jedidiah, thomdel, yoki, Deez, charli, Thangarasu, Chickenspicy


Re: Bollinger Bands type indicators for MT4

1103
Banzai wrote: Thu Jun 16, 2022 9:29 am BB MACD zero
(on/off button)


BB = Bollinger Bands
MACD zero means that
if MACD is above zero, then draw a GREEN dot
else if MACD is below zero, then draw a RED dot.

If you see a bunch of green dots, go LONG/BUY
If you see a bunch of red dots, go SHORT/SELL

The line in the middle is the Moving Average. The default is SMA (20).
You can turn the price label of the Moving Average on or off.
If it's a downtrend, then the price label color is red.
If it's an uptrend, then the price label color is green.

For the Moving Average, you get to choose from the basic 4:
Simple Moving Average,
Exponential Moving Average,
Smooth Moving Average,
and
Linear Weighted Moving Average.

For the prices, you get to choose from the basic 7:
Close, Open, High, Low, Median, Typical, or Weighted.

You can choose to display 1 band, double bands, or multiple bands.
The Bands are just standard deviations.

Watchout for Bollinger band squeezes. Trade on the breakout of the squeezes.
Image


wonderful! The teacher's merit is boundless! :thumbup:
These users thanked the author 太虚一毫 for the post (total 2):
Banzai, Jedidiah

Re: Bollinger Bands type indicators for MT4

1104
mrtools wrote: Thu Jun 16, 2022 1:46 am Think the candles should be fixed in this version.
Image
I modified it slightly
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

1106
mrtools wrote: Thu Jun 16, 2022 1:46 am Think the candles should be fixed in this version.
Image
Expect mr tools to add MTF to it

grateful
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

1107
Banzai wrote: Thu Jun 16, 2022 9:29 am BB MACD zero
(on/off button)


BB = Bollinger Bands
MACD zero means that
if MACD is above zero, then draw a GREEN dot
else if MACD is below zero, then draw a RED dot.

If you see a bunch of green dots, go LONG/BUY
If you see a bunch of red dots, go SHORT/SELL

The line in the middle is the Moving Average. The default is SMA (20).
You can turn the price label of the Moving Average on or off.
If it's a downtrend, then the price label color is red.
If it's an uptrend, then the price label color is green.

For the Moving Average, you get to choose from the basic 4:
Simple Moving Average,
Exponential Moving Average,
Smooth Moving Average,
and
Linear Weighted Moving Average.

For the prices, you get to choose from the basic 7:
Close, Open, High, Low, Median, Typical, or Weighted.

You can choose to display 1 band, double bands, or multiple bands.
The Bands are just standard deviations.

Watchout for Bollinger band squeezes. Trade on the breakout of the squeezes.
Image


Mr. Banzai's masterpiece BB MACD zero signals BT.mq4 is very interesting. :thumbup:

Looking forward to teachers adding MTFs, full prices, averaging methods, etc.

Infinite merit!
These users thanked the author 太虚一毫 for the post:
Jedidiah

Re: Bollinger Bands type indicators for MT4

1109
Banzai wrote: Thu Jun 16, 2022 9:29 am BB MACD zero
(on/off button)


BB = Bollinger Bands
MACD zero means that
if MACD is above zero, then draw a GREEN dot
else if MACD is below zero, then draw a RED dot.

If you see a bunch of green dots, go LONG/BUY
If you see a bunch of red dots, go SHORT/SELL

The line in the middle is the Moving Average. The default is SMA (20).
You can turn the price label of the Moving Average on or off.
If MACD is a downtrend, then the price label color is red.
If MACD is an uptrend, then the price label color is green.
The color of the price label is based on the MACD.
It's not based on the Moving Averages. It's confusing here.

For the Moving Average, you get to choose from the basic 4:
Simple Moving Average,
Exponential Moving Average,
Smooth Moving Average,
and
Linear Weighted Moving Average.

For the prices, you get to choose from the basic 7:
Close, Open, High, Low, Median, Typical, or Weighted.

You can choose to display 1 band, double bands, or multiple bands.
The Bands are just standard deviations.

Watchout for Bollinger band squeezes. Trade on the breakout of the squeezes.

Please use this new version.
The old version used too much CPU powers.

Attached is template to show you how to make double bands.
These users thanked the author Banzai for the post (total 5):
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