Bollinger Bands Percent B - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This is the Bollinger Bands %b indicator for MetaTrader 5.
It's all about price in relation to upper and lower limits. There are six basic relationships that can be quantified .
In descending order starting from the top band:
Generally speaking, 0.80 and 0.20 are also relevant levels:
Attachment download
📎 bollinger_bands_1b.mq5 (3.47 KB)
Source: MQL5 #7019
Bollinger Band Percent B - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Bollinger Band Percent B - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator 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 on titles or short-term profit descriptions.
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