BB_OutsideCandle_Alert - MetaTrader 5 Script - MT4/MT5 Resource
Bollinger Bands Beyond Candle Alert Signal Indicator shows price breaking out of Bollinger Bands, places signal label, draws signal candle and activates signal message.
It has six input parameters:
If "Show Signal Candles" is set to "Yes", candles that break the Bollinger Bands will be colored:
Attachment download
📎bb_outsidecandle_alert.mq5 (22.14 KB)
Source: MQL5 #22925
BB_OutsideCandle_Alert - MetaTrader 5 script usage and filtering suggestions
BB_OutsideCandle_Alert - MetaTrader 5 script is a resource related to trading scripts. 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 only on titles or short-term profit descriptions.
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