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Percent B Indicator

2

🌟 After 7 years I decided to release some of my own indicators and EAs for free.
If you find them useful please  Show support with a 5-star rating! Your feedback keeps the free tools coming! 👍🚀

See other my free tools as well here
_________________________________

📈 Bollinger %B Indicator for Enhanced Forex Trading Analysis

The Bollinger %B Indicator, expertly crafted in MQL4, is a dynamic 🚀 tool designed to revolutionize forex trading analysis. Leveraging the power of Bollinger Bands, it provides accurate and timely insights into market trends and potential trading opportunities.

Key Features:

  • Accurate Calculation 🔍: Utilizes the formula %B = (Current Price - Lower Band) / (Upper Band - Lower Band) for in-depth market analysis.
  • Market Insights 📊: Effectively identifies overbought (>1) and oversold (<0) conditions, offering early signals of potential market reversals.
  • Trend Analysis 📉📈: Determines the strength of market trends, with values around 0.5 indicating a balanced market scenario.
  • Divergence Detection ⚠️: Flags divergences between price movements and the %B value, a critical indicator of potential trend shifts.

Usage and Signal Interpretation:

  1. Setup 🛠️: Install the %B Indicator to your trading platform (Metatrader 4). Customize settings as needed to fit your trading strategy.
  2. Market Analysis 📡: Monitor the %B value in relation to your chosen currency pairs. Watch for values above 100 (overbought), below 0 (oversold), or around 50 (market balance).
  3. Signal Interpretation 🚦: Use overbought/oversold conditions as potential signals for market reversals. Confirm these signals with other technical indicators or market analysis for better accuracy.
  4. Trade Execution 💹: Execute trades based on the combination of %B Indicator signals and your overall market analysis. Always consider risk management strategies.

Whether you're a seasoned trader or just starting out, the %B Indicator is an invaluable addition to your toolkit 💼. It's designed to be user-friendly, providing clear, actionable data to inform your trading decisions.

For more information about the indicator, watch this informative video by John Bollinger.

Contact and Support 📞

For support or further information, please contact me at @amirghm on Telegram.

This tool is proudly brought to you by Wolfox Software Corp. (2020-2024) 🏢

Developed by Amir Hossein Ghasemi 🌟

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Entry Arrow Alerts: Finds market entry opportunities then notifies you via mobile or desktop alerts The key features include: Conservative mode . One entry signal per direction. Ideal for the patient trader looking to capture longer term moves. Aggressive mode . Multiple possible entry signals per direction. Ideal for the active trader looking to capture multiple moves within the same trend. Trigger Line . Price entry line helps cut down on false signals. Display Window . Allows you to instantly
Le profit de la structure du marché change à mesure que le prix s'inverse et recule. L'indicateur d'alerte d'inversion de la structure du marché identifie le moment où une tendance ou un mouvement de prix approche de l'épuisement et est prêt à s'inverser. Il vous avertit des changements dans la structure du marché qui se produisent généralement lorsqu'un renversement ou un recul majeur est sur le point de se produire. L'indicateur identifie initialement les cassures et la dynamique des prix,
Advanced Supply Demand
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Filtrer:
Hector Manuel
223
Hector Manuel 2024.05.24 18:51 
 

Al configurar 2 períodos el indicador no funciona. MT4 se bloquea.

Amirhossein Ghasemi Moroodi
2378
Réponse du développeur Amirhossein Ghasemi Moroodi 2024.05.24 18:58
Hey Hector, thanks for your feedback
I will take a look at it and will back to you
Mehrdad ch
58
Mehrdad ch 2024.02.22 16:30 
 

L'utilisateur n'a laissé aucun commentaire sur la note

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Version 1.4 2024.03.06
Add Signal mode to the inputs
Version 1.3 2024.03.05
- new arrow signal added
- new color section added
- minor bug fixed
Version 1.2 2024.03.05
New! Add Bearish/Bullish arrow Signal
Version 1.1 2024.01.21
- Add deviation input
- Fix color format