//PRC_BBands Stop indicator 30.03.2017
//Nicolas @ www.prorealcode.com Sharing ProRealTime knowledge translated from MT4 code
// --- settings
//Length = 20 // Bollinger Bands Period
//Deviation = 2 // Deviation
//MoneyRisk = 1.00 // Offset Factor
// --- end of settings
avg=average[Length]
dev=std[Length]*Deviation
smax = avg+dev
smin = avg-dev
if close>smax[1] then
trend=1
endif
if close<smin[1] then
trend=-1
endif
if trend>0 and smin<smin[1] then
smin=smin[1]
endif
if trend<0 and smax>smax[1] then
smax=smax[1]
endif
bsmax=smax+0.5*(MoneyRisk-1)*(smax-smin)
bsmin=smin-0.5*(MoneyRisk-1)*(smax-smin)
if(trend>0 and bsmin<bsmin[1]) then
bsmin=bsmin[1]
endif
if(trend<0 and bsmax>bsmax[1]) then
bsmax=bsmax[1]
endif
if trend>0 then
TrendLine=bsmin
r=247// jaune //127
g=255// jaune
drawtext("•",barindex,bsmin,Dialog,Standard,15) coloured(r,g,0)
if trend[1]<0 then
drawtext("•",barindex,bsmin,Dialog,Standard,30) coloured(r,g,0)
endif
endif
if trend<0 then
TrendLine=bsmax
r=0//bleu ciel //255
g=245// bleu ciel //165
drawtext("•",barindex,bsmax,Dialog,Standard,15) coloured(r,g,255)//0)
if trend[1]>0 then
drawtext("•",barindex,bsmax,Dialog,Standard,30) coloured(r,g,255)//0)
endif
endif
RETURN TrendLine coloured(r,g,255) style(line,3) as "BBands stop Trend"