KoliErBands - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
Real author : Collier Lee.
Another version of Bollinger Bands uses the average of the highest and lowest points over a selected period as the midline.
Figure 1. KoliErBands indicator
Attachment download
📎 kolierbands.mq5 (20.04 KB)
Source: MQL5 #18845
KoliErBands - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
KoliErBands - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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