id Bollinger Trend 1.0
Indikator Metatrader (MT4/MT5)
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ℹ Ikhtisar
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 what a trend is and when it changes. Bollinger bands are usually used as an oversold/overbought indicator only, but in my opinion, the trading approach is more complete using the trend variant as an exit strategy.
- 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
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Parameter Input
Saat Loading EA ke dalam chart apa pun, Anda akan disajikan dengan satu set opsi sebagai parameter input. Jangan putus asa jika Anda berpikir mereka terlalu banyak, karena parameter dikelompokkan ke dalam blok penjelasan diri.
- 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.
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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.
Screenshots
