Bollinger Trend 1.0

Metatrader Indicator (MT4)

  • Overview

    A personal implementation of the famous bollinger bands indicator as a trend following mechanism, which uses a moving average and the standard deviation to define the trend.

    • Easy to trade
    • Customizable colors and sizes
    • It is non-repainting and non-backpainting
    • It is fantastic as a trailing stop method
    • It implements alerts of all kinds
  • Input parameters
    Input parameters

    When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    Settings
    Enter the settings for bollinger bands: period and deviation.
    Drawing
    Customize colors and sizes for arrow objects.
    Alerts
    Enable or disable alerts of all kinds.
  • ? FAQ
    Does the indicator repaint?
    No, it does not.
    Does the indicator backpaint?
    No, it does not.
    How is it different from other trend indicators?
    This indicator uses the same elements as bollinger bands to determine the trend, which are a moving averange and the standard deviation using close prices. Other trend following indicators use ATR or just price breakouts to define the trend.
  • Comments

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Screenshots

Bollinger Trend Indicator for Metatrader
Bollinger Trend Indicator for Metatrader
Bollinger Trend Indicator for Metatrader
Bollinger Trend Indicator for Metatrader
Bollinger Trend Indicator for Metatrader