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Indicators

Bollinger and Envelope candle extremes - indicator for MetaTrader 5

Paul Conrad Carlson
Views:
6116
Rating:
(22)
Published:
2022.04.07 11:50
Download as ZIP, How to download code from MetaEditor
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Mt5 indicator alerts for bollinger band and envelope extremes occurring at the same time.

  • Buy signal alerts occur when
  1. A bullish candle has formed below both the lower bollinger band and the lower envelope 
  2. Bar must open and close below both these indicators.
  • Sell signal occur when
  1. A bear bar is formed above the upper bollinger band and upper envelope 
  2. Bar must open and close above these indicators.

Inputs variable.

  • Bollinger band period and deviation
  • Envelope period and deviation

Full alerts

  • Push
  • audible
  • email

This indicator draws arrows only buy and sell,

does not draw bollinger and envelope onto the chart.


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