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BB St Dev

BB St Dev

BB St Dev is analogous to the Bollinger indicator.

Upper and lower parts of the Bollinger channel are calculated by means of iStdDev.

iStdDev is a standard indicator of МetaТrader 4.

Moving average has a special smoothing algorithm.

Settings

  • M - period of Moving average
  • BandsDeviations parameter - channel generation factor. Apart from classic Bollinger Bands, BandsDeviations can possess any value here.
  • Visio parameter
    • If Visio = False, this indicator will coincide with the Bollinger Bands indicator.
    • If Visio = True, this indicator will show points for possible orders opening.

How to configure this indicator

  1. Make a choice in: Charts =>Indicators List =>BBand St Dev=>Edit.
  2. The indicator's window will appear.
  3. Set parameters.
  4. Create a template: Charts =>Template =>Save Template.
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Version 2.0 2018.08.22
control over the acceleration of the price has been added
in Magenta color acceleration of price increases in color Aqua acceleration of the price is decreasing