i-BandsPrice - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
Trend indicator based on Bollinger Bands drawing. This indicator was compiled from J. Bollinger's book "Bollinger Bands on Bollinger Bands" .
The explanation of this indicator is simple. The indicator histogram shows the price's position relative to the Bollinger Bands. Exiting the indicator line beyond the -25 or +25 limits means exiting the band's low or upper line respectively.
The indicator was first implemented in MQL4 and released in the code base on September 30, 2008.
Figure 1 i-BandsPrice indicator
Attachment download
📎i -bandsprice.mq5 (8.69 KB)
📎 smoothalgorithms.mqh (134.03 KB)
Source: MQL5 #1350
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