This indicator uses the Bollinger%B which is a buy and sell indicator.
Being correlated to the Bollinger, by decreasing the values of this indicator, you get a momentum of intensity.
I have therefore chosen to use the 50-100-150-200 values for momentum.
It will indicate the phases on which the price is most likely to explode up or down.
However, to be more relevant and to limit false signals, I recommend using it with ichimoku, not for the trend it gives us, but for these signals to enter into position
Reminds: Tenkan + Kijun break or trend oriented Tenkan break
The values of this indicator make it more useful for scalping in order to limit false signals and benefit from the best opportunities this indicator offers.
Units larger than M5 will have no use unless you change the values 50-100-150-200 and the values 75 and 25 to find the best combination.
I recommend working on your own strategy.
Sincerely yours,
|
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 |
//--------------------Indicateur s = 2 t = 1 prix = customclose //BP1 gd2X = average[50,t](prix) sdX = s*STD[50](prix) bollsupX = gd2X + sdX bollinfX = gd2X - sdX BP1 = 100*(close - bollinfX)/ ( BOLLSUPX -BOLLINFX) //BP2 gd2XX = average[100,t](prix) sdXX = s*STD[100](prix) bollsupXX = gd2XX + sdXX bollinfXX = gd2XX - sdXX BP2 = 100*(close - bollinfXX)/ ( BOLLSUPXX -BOLLINFXX) //BP3 gd2XXX = average[150,t](prix) sdXXX = s*STD[150](prix) bollsupXXX = gd2XXX + sdXXX bollinfXXX = gd2XXX - sdXXX BP3 = 100*(close - bollinfXXX)/ ( BOLLSUPXXX -BOLLINFXXX) //BP4 gd2XXXX = average[200,t](prix) sdXXXX = s*STD[200](prix) bollsupXXXX = gd2XXXX + sdXXXX bollinfXXXX = gd2XXXX - sdXXXX BP4 = 100*(close - bollinfXXXX)/ ( BOLLSUPXXXX -BOLLINFXXXX) //--------------------Commandes Des Signaux Haussier //Signal Trend UP if BP1 > 75 and BP2 > 75 and BP3 > 75 and BP4 > 75 then signal5 = 1 else signal5 = 0 endif if signal5 = 1 then backgroundcolor(62,169,203,30) endif //--------------------Commandes Des Signaux Baissier //Signal Trend Down if BP1 < 25 and BP2 < 25 and BP3 < 25 and BP4 < 25 then signal10 = 1 else signal10 = 0 endif if signal10 = 1 then backgroundcolor(73,73,73,30) endif return |
|
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 |
//--------------------Paramettre de Base //Paramettre de Cadrage if close > open then signalC = 1 else signalC = 0 endif if signalC = 1 then drawcandle(75,75,75,75)coloured(0,0,0,0) endif if signalC = 0 then drawcandle(25,25,25,25)coloured(0,0,0,0) endif //Indicateur s = 2 t = 1 prix = customclose gd2X = average[50,t](prix) sdX = s*STD[50](prix) bollsupX = gd2X + sdX bollinfX = gd2X - sdX BP1 = 100*(close - bollinfX)/ ( BOLLSUPX -BOLLINFX) gd2XX = average[100,t](prix) sdXX = s*STD[100](prix) bollsupXX = gd2XX + sdXX bollinfXX = gd2XX - sdXX BP2 = 100*(close - bollinfXX)/ ( BOLLSUPXX -BOLLINFXX) gd2XXX = average[150,t](prix) sdXXX = s*STD[150](prix) bollsupXXX = gd2XXX + sdXXX bollinfXXX = gd2XXX - sdXXX BP3 = 100*(close - bollinfXXX)/ ( BOLLSUPXXX -BOLLINFXXX) gd2XXXX = average[200,t](prix) sdXXXX = s*STD[200](prix) bollsupXXXX = gd2XXXX + sdXXXX bollinfXXXX = gd2XXXX - sdXXXX BP4 = 100*(close - bollinfXXXX)/ ( BOLLSUPXXXX -BOLLINFXXXX) //--------------------Visuel BP //BP1 if BP1 > 75 then BP1 = 81.25 elsif BP1 < 25 then BP1 = 18.75 endif //BP2 if BP2 > 75 then BP2 = 81.25 elsif BP2 < 25 then BP2 = 18.75 endif //BP3 if BP3 > 75 then BP3 = 81.25 elsif BP3 < 25 then BP3 = 18.75 endif //BP4 if BP4 > 75 then BP4 = 81.25 elsif BP4 < 25 then BP4 = 18.75 endif //--------------------Commandes Des Signaux Haussier //BP1 if BP1 > 75 then signal1 = 1 else Signal1 = 0 endif if signal1 = 1 then drawrectangle(barindex[1],75,barindex,62.5)coloured(32,162,236) endif //BP2 if BP2 > 75 then signal2 = 1 else Signal2 = 0 endif if signal2 = 1 then drawrectangle(barindex[1],62.5,barindex,50)coloured(32,162,236) endif //BP3 if BP3 > 75 then signal3 = 1 else Signal3 = 0 endif if signal3 = 1 then drawrectangle(barindex[1],50,barindex,37.5)coloured(32,162,236) endif //Signal UP 200 if BP3 > 75 then signal4 = 1 else Signal4 = 0 endif if signal4 = 1 then drawrectangle(barindex[1],37.5,barindex,25)coloured(32,162,236) endif //Signal Trend if BP1 > 75 and BP2 > 75 and BP3 > 75 and BP4 > 75 then signal5 = 1 else signal5 = 0 endif if signal5 = 1 then drawrectangle(barindex[1],75,barindex,87.5)coloured(27,124,22) endif //--------------------Commandes Des Signaux Baissier //BP1 if BP1 < 25 then signal6 = 1 else Signal6 = 0 endif if signal6 = 1 then drawrectangle(barindex[1],75,barindex,62.5)coloured(132,132,132) endif //BP2 if BP2 < 25 then signal7 = 1 else Signal7 = 0 endif if signal7 = 1 then drawrectangle(barindex[1],62.5,barindex,50)coloured(132,132,132) endif //BP3 if BP3 < 25 then signal8 = 1 else Signal8 = 0 endif if signal8 = 1 then drawrectangle(barindex[1],50,barindex,37.5)coloured(132,132,132) endif //BP4 if BP4 < 25 then signal9 = 1 else Signal9 = 0 endif if signal9 = 1 then drawrectangle(barindex[1],37.5,barindex,25)coloured(132,132,132) endif //Signal Trend if BP1 < 25 and BP2 < 25 and BP3 < 25 and BP4 < 25 then signal10 = 1 else signal10 = 0 endif if signal10 = 1 then drawrectangle(barindex[1],25,barindex,12.5)coloured(191,42,42) endif return 25coloured(73,73,73,100) as "25",12.5coloured(73,73,73,100) as "12.5",75coloured(73,73,73,100) as "75",87.5coloured(73,73,73,100) as "87.5",BP1 coloured(4,24,191,180) style (point,2) as "BP1",BP2 coloured(4,24,191,180) style(point,2) as "BP2",BP3 coloured(4,24,191,180) style(point,2) as "BP3",BP4 coloured(4,24,191,180) style(point,2) as "BP4" |
Share this
No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.
ProRealTime ITF files and other attachments :
Filename : download the ITF files
Find other exclusive trading pro-tools on 
PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials
I would like to get guidance_ How do I access and attach this indicator to my MT5 platform…
You can’t, use prorealtime, it’s way better
Thank you very much for this indicator , not provided by PRT
I was actually working at this realisation when i saw your presentation !!!
As you said the Bollinger %B is one og the best indicator for Buy/Sale , providing a good help with Bollinger