BandsFBA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
Bollinger Bands indicator with front-end and damping filtering. The author expresses this filtering idea most fully here .
Lagging indicators (represented by the red line in the chart) are asymmetrical relative to falling and rising markets! The indicator was originally drawn for use in specific asymmetric markets. For example, in the stock market.
The indicator was first implemented in MQL4 and published in the code base on October 23, 2009.
Figure 1 BandsFBA indicator.
Attachment download
📎 bandsfba.mq5 (13.96 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #1226
BandsFBA - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
BandsFBA - 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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