BB out arrows
- 지표
- Smaylle Rafael Coelho Mariano
- 버전: 1.0
BB Out Arrows is a powerful and intuitive indicator designed for MetaTrader 5 (MT5) that enhances trading strategies using Bollinger Bands. This indicator signals potential trading opportunities by displaying arrows when a candle closes outside of the Bollinger Bands, but with an added layer of precision through a wick percentage filter.Key Features:
- Bollinger Bands Integration: Utilizes the classic Bollinger Bands to identify market volatility and potential price reversals.
- Arrows Indication: When a candle closes outside the Bollinger Bands, an arrow is displayed, providing a clear visual cue for traders.
- Wick Percentage Filter: The indicator incorporates a customizable wick percentage filter, ensuring that only significant price movements are highlighted. This filter helps avoid false signals by requiring a specified percentage of the wick to be outside the bands.
- Customizable Settings: Users can easily adjust the parameters to suit their trading style, including the Bollinger Bands period, standard deviation, and wick percentage threshold.
- Enhanced Decision-Making: The arrows help traders quickly recognize potential entry or exit points, improving overall decision-making.
- Reduced Noise: By filtering out insignificant price movements, the BB Out Arrows indicator helps traders focus on higher probability setups.