BB Stop Loss - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The well-known BB Stops indicator has some content added and is further adapted for use with MetaTrader 5.

In this version, you can select the averaging type used for calculations, biased sample correction, and general operations such as regular alert sets and multiple time range options.

There are two main ways to use BB stop loss:

In either case, the "direction" of the current market estimate is shown, and in this version the target value (when the "direction" will change) is shown - to aid decision-making.

The same goes for the usual "big picture" view:

Parameters are adjusted according to common situations. In any case, it is recommended to conduct some parameter experiments (to be able to adjust the indicator according to trading style, trading symbol or time frame and trading risk).

Attachment download

📎bb_stops.mq5 (37.47 KB)

Source: MQL5 #17412