The indicator shows the zones of maximum and minimum on the basis of Bollinger x bars.

Input parameters:

  • periods: the number of periods for the calculation of areas.
  • Deviation1: the number of deviations for the first display line of the maximum and minimum.
  • Deviation2: amount of deviation for the second display line maximum and minimum.

The indicator is customizable:

0 Red 1 0
1 Yellow 1 0
2 Blue 1 0
3 Green 1 0
4 Green 3 —–
5 Red 3 —–
6 Green 3 —–
7 Green 3 —–

Note: The greater the difference Deviation1 and Deviation2, the wider the band.


Related posts

  • Blahtech Supply Demand

    Blahtech Supply Demand Supply Demand Indicator uses the previous price action to identify potential imbalance between buyers and sellers. The key is to…

  • Vola Alarm

    vola Alarm Vola Alarm shows the current value of the price movement since the opening of the bar at a percentage of the average price movement . alert is…

  • FiboDay

    FiboDay All fans of fibo levels dedicated. This indicator shows the Fibonacci line for the current day, depending on the previous day, week or month….

Next posts

  • Signals potential and risk reward of trend
  • PipsFactoryInd
  • Price Cycler

Leave a Reply

Your email address will not be published. Required fields are marked *