BB-HL - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
David W. Thomas
Another variation is Bollinger Bands . In this indicator, the high and low prices are used instead of the closing prices to calculate the standard deviation.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
The indicator was originally written in MQL4 and first published in the code base on September 27, 2007.
Figure 1. BB-HL indicator
Attachment download
📎bb -hl.mq5 (10.52 KB)
📎 smoothalgorithms.mqh (134.03 KB)
Source: MQL5 #2196
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