Filled Bollinger Bands - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
This is a version of Bollinger Bands as a filled area. But to avoid just making the usual Bollinger Bands with more colors, this version has the option to calculate the standard deviation as sample or as uncorrected deviation. The explanation for this is the following .
The differences are usually not huge, but they are there. So now we have Bollinger Bands with the option of these two deviation types (usually set to 22 price types (plus).
Attachment download
📎 bollinger_bands_5filledk.mq5 (9.39 KB)
Source: MQL5 #16489
Filled Bollinger Bands - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Filled Bollinger Bands - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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