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

author EAcpu | 5 reads | 0 comments |

Converted from Pine Script - Fibonacci Bollinger Bands - indicator for MetaTrader 5

Converted from Pine Script - Fibonacci Bollinger Bands - indicator for MetaTrader 5

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” )


MQL5 example:

Converted from Pine Script - Fibonacci Bollinger Bands - indicator for MetaTrader 5


Attachment download

📎 fibonacci_bollinger_bands.mq5 (7.64 KB)

Source: MQL5 #53959

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