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Bollinger Bands OnOff MT4

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Published: 12 December 2021

Current version: 1.3

Bollinger Bands OnOff MT4

Indicators
Fabrizio Malavasi
Version: 1.3
Updated: 20 May 2024

The Bolliger Bands On-Off let you control the indicator using the keyboard or a button. You can choose if you want the indicator always shown or always hided while switching among different time frames or financial instruments. ---> This indicator is part of Combo Indicator OnOff

The Bollinger Bands identify the degree of real-time volatility for a financial instruments. A lower amplitude corresponds to a low volatility, conversely a greater bandwidth corresponds to high volatility. Narrowing bands indicate an upcoming breakout in the underlying asset, conversely when the bands widen it is indicative of an upcoming movement.

The Bollinger Bands indicator is composed by three lines: the upper and lower band and a simple moving average. The upper and lower band are obtained respectively by adding and subtracting the standard deviation from the moving average N (default=2) times. The central band is given by the moving average that has 20-periods as default. The Sma is the original moving average used by John Bollinger when he developed the indicator.

Upper Band= SMA+2Sdt

Middle Band= SMA

Lower Band= SMA-2Sdt

The Bollinger Bands OnOff provides also the possibility of using different averaging method: Exponential, Smoothed, Linear weighted compared to the original Simple average.

The MA can be highlighted with different colors to spot the up/down trend

Input

It is possible to setup the period, the shift and different Ma color depending on the trend
You can choose the averaging method: Simple, Exponential, Smoothed, Linear weighted
You can choose their colors, the style and the the width
It is possible to shut down the button and setup your favorite keys to on-off the indicator
It is possible to customize the button: the position on the screen, the size, the colors and the label

only for Ver. - 1.3 COMBO Indicators OnOff MT4 :
you can customized period and deviations for each time frames

more...

350

zofesu 2023.04.30 20:56 #

Practical

421

Mr. 2022.09.02 21:22 #

Hi sir im loving all of your indicator work sir. Can you please add changing colors if uptrend or downtrend for the ma middle band please sir. sorry for the late reply sir i was the one who purchased the pivot and im loving it too.

But there is a bug in the indicator when i turn off bollinger band, then 3 colors are changed. like the upper band color changes into the central SMA color, and the central SMA color changes into the lower band color.

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This indicator shows the value of returns in the selected time frame . They are calculated as logarithm of returns , rather than price or raw returns. For small returns, arithmetic and logarithmic returns will be similar. The benefit of using returns, versus prices, is normalization. It is possible measures all variables in a comparable metric despite originating from price series of unequal values. Inputs You can display data both as a Histogram or a Line It's also possible to display

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The purpose of this utility is to manage one or more subwindow in the same chart by opening and closing them through a button or the keyboard keys How it works: If you want to handle more than one subwindow you need to reinstall the indicator . In this case some setups has to be customized onlu in the last subwindow installed and others setups in the installed subwindow during the first time installation. They are denoted in the input rispectively as ' LW ' and ' IW '. First of all insta

45 USD

The utility helps to locate in the lower time frames the maximum and minimum of the upper time frame. The length of time frame level line represents the temporal length of the upper time frame. The indicator draws lines that delimit the upper time frames candle and highlights his high-low price, the pips candle range, the returns and the volatility. How it works: Firstly . Choose which time frames levels to represent in the lower ones : monthly, weekly, daily, H4, H1, M30, M15, M5.

33 USD

The Better Volume indictator improves the comprehension on volume by coloring the classical histogram bars . The colors point out differents nature of volume . Further through two buttons and without change the main chart it is possibile to change the time frames and navigate among three symbols . The alerts will work accordingly. For each symbol can be choosed the LookBack and Ma periods . The possibility to show/hide the indicator allows you to focus on the price . The subwindow can be hid

36 USD

This utility can compare simultaneously time frames of different instruments and keep under control the nine major time frames of an instrument. It is composed by two changers, a crosshair and some additional components : the multicharts time frames changer is designed to compare simultaneously up to thirty time frames of different symbols with the keyboard or the button the multicharts symbols changer can link up to nine charts and control simultaneously the nine major time frame b

46 USD

The Multicharts Crosshair draws a cross hair in any linked chart. The indicator can be used for comparison of symbol price levels in different time frame or to compare candles of different instruments in the same time frame How it works: It can works from every linked charts where the indicator is installed towards the others or from the chart where is istalled towards the following linked charts . It can be shown just pressing a the key of keyboard. After installing the indicators in the cha

33 USD

55 USD

45 USD

The Better Volume indictator improves the comprehension on volume by coloring the classical histogram bars . The colors point out differents nature of volume . The Better Volume OnOff allows to open/close the subwindow through a botton or using the keyboard only. There is the possibility to customize 3 symbols and assign them different parameters for each time frame . The indicator improves the comprehension on volume by coloring the classical histogram bars : CLIMAX UP -

33 USD

46 USD

The utility helps to locate in the lower time frames the maximum and minimum of the upper time frame. The length of time frame level line represents the temporal length of the upper time frame. It's possible to OnOff the levels with a button or keys The indicator draws lines that delimit the upper time frames candle and highlights his high-low price and the pips candle range. How it works: Firstly . Choose which time frames levels to represent in the lower ones : monthly, weekly, da

33 USD

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danmar 2024.10.10 11:53 #

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350

zofesu 2023.04.30 20:56 #

Practical

421

Mr. 2022.09.02 21:22 #

Version 1.3 2024.05.20

- Added the possibility to choose between different moving averages method: Simple, Exponential, Smoothed, Linear weighted

Version 1.2 2022.09.05

- Updated section 'Central Sma': added diffent colors to spot up/down trend
- minor bug fixes

Version 1.1 2021.12.17

- Removed in the input the bool that always on/off the indicator