Converted from Pine Script - Fibonacci Bollinger Bands - MetaTrader 5 Script - MT4/MT5 Resources


Ideal for traders looking for enhanced technical analysis tools. Download and test it now!
This is the pine script code:
Study(Abbreviation= "FBB" , Title= "Fibonacci Bollinger Bands" , Coverage=True) length = input ( 200 , min = 1 ) source = input (hlc3, title = "source" ) multi = input ( 3.0 , min = 0.001 , max = 50 ) base = vwma(src, length) dev = mult * stdev(src, length) upper_1=base+( 0.236 *development) upper_2=base+( 0.382 *development) upper_3=base+( 0.5 *development) upper_4=base+( 0.618 *development) upper_5=base+( 0.764 *development) upper_6=Basic+( 1 *Development) lower_1= base - ( 0.236 *dev) lower_2= base - ( 0.382 *dev) lower_3= base - ( 0.5 *dev) lower_4= base - ( 0.618 *dev) lower_5= base - ( 0.764 *dev) lower_6= base - ( 1 *development) plot(base, color=magenta, linewidth= 2 ) p1 = plot(upper_1, color=white, linewidth= 1 , title= “0.236” ) p2 = plot(upper_2, color=white, linewidth= 1 , title= "0.382" ) p3 = plot(upper_3, color=white, linewidth= 1 , title= “0.5” ) p4 = plot(upper_4, color=white, linewidth= 1 , title= "0.618" ) p5 = plot(upper_5, color=white, linewidth= 1 , title= "0.764" ) p6 = plot(upper_6, color=red, linewidth= 2 , title= “1” ) p13 = plot(lower_1, color=white, linewidth= 1 , title= "0.236" ) p14 = plot(lower_2, color=white, linewidth= 1 , title= "0.382" ) p15 = plot(lower_3, color=white, linewidth= 1 , title= “0.5” ) p16 = plot(lower_4, color=white, linewidth= 1 , title= "0.618" ) p17 = plot(lower_5, color=white, linewidth= 1 , title= "0.764" ) p18 = plot(lower_6, color=green, linewidth= 2 , title= “1” )
Attachment download
📎 fibonacci_bollinger_bands.mq5 (7.64 KB)
Source: MQL5 #53959
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