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Icarus BolliBand Change Display Indicator

Icarus Bolli-Band Change Display(TM) Indicator is a simple, but highly effective tool for visually identifying areas where the all-important 'Bollinger Band' values are in a state of expansion, contraction of neither.

The traditional Bollinger Bands have been widely applied to trading charts globally since their creation by John Bollinger several decades ago.

One of the limitations of the traditional Bollinger Bands is the ability to clearly identify when the bands are in fact expanding or contracting. This market environment indication is a critical element of any effective signal or strategy, particularly when overlaying other indicators for added confluence. 

The Icarus BolliBand Change Display Indicator provides a clear visual indication of when the market environment is in an expansion, contraction or neutral phase. 

The Indicator has a full range of optimisable inputs, allowing users to identify settings that best suit their trading style, instruments and preferred timezones. 

Optimisable and Customisable inputs include:

  • Bolli Periods, providing for a precise setting of duration and sensitivity. 
  • Bolli width, providing the fully adjustable standard deviation mark
  • Expansion Lookback, allowing users to adjust the distance back in time the % of expansion will compare. This feature allows users to ensure the best possible fit for different timeframes and instrument differences
  • Expansion % threshold, allowing users to identify allowable limits of expansion, to assist in clearing out 'noise' within the Bolli-Band conditions
  • Contraction Lookback, allowing users to adjust the distance back in time the % of contraction will compare. This feature allows users to ensure the best possible fit for different timeframes and instrument differences
  • Contraction % threshold, allowing users to identify allowable limits of contraction, to assist in clearing out 'noise' within the Bolli-Band conditions

Full colour and intensity customisation is also build in, ensuring every trader's preferred template style is most well suited. 

For users who prefer a chart without the clearly defined BolliBand Change Display shading, the on/off feature allows these elements to be removed and replaced with a coloured control-line only.

The BolliBand Change Display Indicator is an integral part of many Icarus Signal automated strategies, across FX, commodities and equities. It applies equally well to shorter timeframes as with longer timeframes, with customisation ensuring the best possible fit for your trading style.

The combination of the Bolli-Band Change Display Indicator with other indicators, including the suite of Icarus Indicators can be a powerful tool in your trade development arsenal. 

With the Icarus Reversals Indicator and Icarus Continuation Indicator both having in-built Bolli-Band code overlay, users have the opportunity to perfectly fit the combination of Icarus Indicator parameters to meet their preferred trading style and instrument types. 

If you have any questions or would like additional information, please don't hesitate to contact the Icarus team via the MQL5 community, or via email at: team@icarussignals.com.

YouTube Tutorial Video coming soon!

Yours in trading confidence

Icarus Signals



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The LineMagnit Indicator for MT4 is a highly precise tool that builds support and resistance levels which magnetically attract prices. This feature allows traders to easily determine the most probable entry and exit points in the market, as well as identify the market's directional forces, as levels are based on capital inflows into the instrument. Equipped with an intuitively understandable graphical interface, the LineMagnit Indicator enables users to quickly locate and analyze support and res
TheStrat Monitor
Robert Gerald Wood
3 (2)
If you've not already learnt about The Strat trading strategy , go google it now. I promise it won't be a waste of your time, and you will likely learn some new tricks whether you use it or not. OK, so now you know what TheStrat is, you will be able to understand what this indicator can do for you. Key Features In short, the Indicator will: Show Timeframe Continuity for all supported timeframes Supports two timeset views, Day trader and Swing trader Show when Full Timeframe Continuity is in pl
Reincarnations
Maryna Shulzhenko
The Reincarnations trend indicator is used to determine the strength and direction of a trend and to find price reversal points. This tool scans the market looking for the correct entry. You can see and evaluate it yourself, perhaps it will suit you for a number of tasks related to forecasting price movements. It uses only price data and analytics to calculate entry points. Does not use auxiliary indicators. It has two parameters for customization. Indicator setting. Interval - price analysis
PZ Support Resistance
PZ TRADING SLU
3.33 (3)
Cansado de traçar linhas de suporte e resistência? A Resistência de suporte é um indicador de período múltiplo que detecta e plota automaticamente linhas de suporte e resistência no gráfico com um toque muito interessante: conforme os níveis de preços são testados ao longo do tempo e sua importância aumenta, as linhas se tornam mais espessas e mais escuras. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Melhore sua análise técnica da noite para o d
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Ivan Stefanov
5 (3)
ENIGMERA: O núcleo do mercado https://www.enigmera.com Introdução Este indicador e sistema de negociação é uma abordagem notável aos mercados financeiros. ENIGMERA utiliza os ciclos fractais para calcular com precisão os níveis de suporte e resistência. Mostra a autêntica fase de acumulação e dá direcções e objectivos.  Um sistema que funciona quer estejamos numa tendência ou numa correção.  Como é que funciona? O ENIGMERA é composto por três linhas: a linha de suporte/resistência, a linha
Ultimate Gold Advisor para MetaTrader 4 O Ultimate Gold Advisor é uma ferramenta tecnológica avançada projetada para otimizar a experiência de negociação no MetaTrader 4. Criado para atender às necessidades de traders experientes, este indicador combina precisão, análise sofisticada e funcionalidade versátil, oferecendo suporte para decisões de negociação informadas. Ideal para negociação de ouro, mas aplicável a uma ampla gama de ativos, o Ultimate Gold Advisor pode ajudá-lo a melhorar suas es
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Advanced version of CyberZingFx Volume Plus, the ultimate MT4 indicator for traders seeking highly accurate buy and sell signals. With an additional strategy and price action dot signals that enhances its effectiveness, this indicator offers a superior trading experience for professionals and beginners alike. The CyberZingFx Volume Plus Advanced version combines the power of volume analysis and historical price data with an additional strategy, resulting in even more precise and reliable signals
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