Bollinger Band 'filled' version | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Bollinger Band Day Trading System 8 replies

ema bollinger band alerts 1 reply

Bollinger band difference indicator... 2 replies

Bollinger band settings? 1 reply

Bollinger Band Width for Metatrader 4 replies

Attachments: Bollinger Band 'filled' version
Exit Attachments

Bollinger Band 'filled' version

  • #1
  • First Post: Dec 7, 2009 9:01am Dec 7, 2009 9:01am
Greetings!

I am looking for a Bollinger band indicator that looks like the one below. Shown is a MT5 chart with a Custom indicator called Price_Channel.mq5 (dim gray with blue mid line in the chart). this custom indicator uses the Draw_Filling drawing style in MQL5. if it's any help, Draw_Filling has been mentioned in this article.
Possible useful customizable options could be:
* 'Apply to' option: apply to open, high, low, close
* MA option: sma, smma, ema, lwa
* color-customizable filling & middle line
* option to place a line (dotted line, regular line etc: the usual 5 line styles), or not (invisible/no line at all), for the mid line & lower/upper Bollinger band

I have seen a similar-looking Bollinger band indicator used in, i think, a ProRealTime chart posted, in the recent past, here in FF. so hopefully it can be/has already been replicated in MT4.
Attached Image


I'd appreciate any help.
Thanks, Happy Holidays & God bless!
  • #2
  • Edited 4:58am Dec 8, 2009 4:39am | Edited 4:58am
Quoting supremeChaos
I am looking for a Bollinger band indicator......
The attached (which I've hacked together in about 20 mins) does most of what you want. To get the 'cloud' to sit in the background, behind the candles, you must choose menu option Charts -> Foreground Chart.

Valid values for PriceType are 0=close, 1=open, 2=high, 3=low, 4=(H+L)/2, 5=(H+L+C)/3, 6= (H+L+C+C)/4.

Valid values for MAmethod are 0=SMA, 1=EMA, 2=SMMA, 3=LWMA. However, as far as I know, the iBands function will only accept a SMA. So if you choose a different MA method for the median line, the upper/lower cloud boundaries will no longer be in sync with it.

You may need to adjust the BandWidth parameter as you zoom in/out horizontally.

If you want lines at the edges of the cloud, simply overlay MT4's factory Bollinger Band indicator.

I'm pushed for time, so I'll leave it here. Perhaps somebody else could take over.

Happy holidays to you too.
Attached File(s)
File Type: mq4 BB cloud.mq4   2 KB | 3,307 downloads
  • #3
  • Dec 8, 2009 5:05am Dec 8, 2009 5:05am
Quoting hanover
The attached (which I've hacked together in about 20 mins) does most of what you want....
Happy holidays to you too.
Sir David,
thanks for the quick reply, highly appreciated.
i will check your indicator out. if necessary, i'll PM u or post here any questions i may have.

now, i owe u more Philippine mangoes or other fruits.
  • #4
  • Nov 1, 2016 8:32am Nov 1, 2016 8:32am
Quoting hanover
{quote} The attached (which I've hacked together in about 20 mins) does most of what you want. To get the 'cloud' to sit in the background, behind the candles, you must choose menu option Charts -> Foreground Chart. Valid values for PriceType are 0=close, 1=open, 2=high, 3=low, 4=(H+L)/2, 5=(H+L+C)/3, 6= (H+L+C+C)/4. Valid values for MAmethod are 0=SMA, 1=EMA, 2=SMMA, 3=LWMA. However, as far as I know, the iBands function will only accept a SMA. So if you choose a different MA method for the median line, the upper/lower cloud boundaries will no...
Hi
Could you change your code so that every one who uses it for the first time may understand the different MA types and prices? I mean Instead of inserting numbers, a menu bar appears which shows "Simple" or "exponential" or whatever. Just like the attached picture.
thank you
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-11-01 (1).png Size: 75 KB
  • #5
  • Nov 1, 2016 10:24am Nov 1, 2016 10:24am
Quoting FXPartisan
{quote} Hi Could you change your code so that every one who uses it for the first time may understand the different MA types and prices? I mean Instead of inserting numbers, a menu bar appears which shows "Simple" or "exponential" or whatever. Just like the attached picture. thank you {image}
Numbers Inputs:
MA TYpes : 0 simple, 1 exponential, 2 Smoothed, 3 Weighted
Price types: 0 Close, 1 Open, 2 High, 3 Low, 4 Median, 5 Typical, 6 Weighted Close,
Definitions:
Median = H+L/2
Typical = H+L+C/3
Weighted = H+L+C+C/4
It never gets easier, you just get better
  • #6
  • Last Post: Nov 2, 2016 1:21pm Nov 2, 2016 1:21pm
Quoting FXPartisan
Could you change your code so that every one who uses it for the first time may understand the different MA types and prices?
See response by Shabs19.

I no longer do coding requests, you could try posting in one of the "I code indicators for free" threads or Google "MQL4 programmer".
0 traders viewing now