Float_Pivot_Digit - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

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Alternative Bollinger Bands® color fill inside the channel, drawn as a cloud, the last value shown as a price tag, and channel levels can be rounded to the desired number of digits.

 //+------------------------------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------------------------------+
input string mrname = "float_pivot_number" ; //first part of the graphic object name
Input integer IP period = 100 ; //Extreme value search period
Enter ENUM_APPLIED_PRICE_ IPC=PRICE_MEDIAN_; //Price constant
Input integer shift = 0 ; // Horizontal indicator movement in bars
Enter unit number = 2 ; //Number of digits to round to
input boolean show price = true ; //show price tag
Input color Upper color = cyan ; //Color of the upper price label
Input color medium color = clear blue ; //The color of the middle price label
Input color lower color = magenta ; //Color of lower price tag

The number of digits to round is set in the input variable:

The indicator was originally written in MQL4 and first published in the code base on February 8, 2008.

Figure 1. Float_Pivot_Digit indicator

Attachment download

📎 float_pivot_digit.mq5 (31.81 KB)

Source: MQL5 #23217

Float_Pivot_Digit – Important points before using the MetaTrader 5 script

This page has been supplemented with structured instructions, focusing on the purpose of trading scripts, MT4/MT5 platform compatibility, testing procedures and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen trading scripts and are willing to do simulation verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

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