Colored Bollinger Bands Indicate Narrowing and Widening Phases - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
This indicator was written based on a forum request.
The structure of the input parameters
Fox Wave Clean - Professional order manager and professional EA, achieving efficient transaction management through one-click position control. Simple design, powerful functions.
In graphical representation, technical analysis represents the trend line (green) to the right of the breakout candle. After the breakout, assume a move along the red line.
Attachment download
📎 Bollinger_Colored.mq5 (8.91 KB)
Source: MQL5 #66540
Colored Bollinger Bands indicate narrowing and widening phases - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Colored Bollinger Bands indicate narrowing and widening phases - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources are resources related to Forex indicators. 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 on titles or short-term profit descriptions.
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