BB Stop Loss - Hull Average - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

BB Stop Loss, as it originally was, is based on a simple moving average (i.e. the average used in Bollinger Bands). Since then we have made some changes - in order to tweak the (already useful) indicator more for potentially better market reaction

We use the Hull Moving Average in this version instead of using the Simple Moving Average. Additionally, the Hull average in this version allows the "speed" to be adjusted (which is very useful - see the last "big picture" example). Additionally, in this release, multiple stops are calculated, which can further aid in the evaluation of stops

You can use it as any similar stop loss indicator

"Big Picture" Example - Since Bollinger Bands originated in the days of chart analysis using daily data, here is an example of this indicator applied to a daily chart, but with the "Speed" set to 1 (ie: it slows down a bit). As always: before making a trading decision using a trading strategy, take some time to do some testing in order to find the best settings for your trading strategy.

Attachment download

📎bb_stops_2_-_hull.mq5 (29.36 KB)

Source: MQL5 #23597