BolliToucher 1.3 (Updated) Bollinger Bands Outer Bands Touch indicator
GrowUpEveryDay wrote: ↑
Sat Jul 23, 2022 1:41 pm
sorry to bump the old post, this indicator I feel amazing
it's very good indicator to counter trend, almost clean shot low risk and highly reward with deviation 3.0 just make sure to entry based on your first analysis.
This is precisely what I used it for and what Mladen coded. I would use it with the Volatility Alarm
on the M15 charts and then in the Bollinger Band toucher using Standard Deviation of 3.0 I would set it to alert at around 2 pips before the touch (on volatile pairs like GBPJPY) then scalp in the opposite once that square appears above the candle. Made a shit load of money with this indicator back in the day!
I have checked it and the code is working fine for me and Mrtools has updated the alerts so it works better on the newer MT4's.
Please try it and let us know
PS: This indicator doesn't have a middle line for the Bollinger Bands, so if you want to add that just add a Moving Average on 20 Period (Simple Moving Average) to your chart.