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Doda-Bollinger Bands – indicator for MetaTrader 4

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Old 01-03-2018, 14:59
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Default Doda-Bollinger Bands – indicator for MetaTrader 4

Doda-Bbands.jpg

Bollinger band is one of the famous indicator. But it’s implication of 3 lines confuse sometimes and one can not take proper action on time. So, here is the modified version of Boolinger band. You’ll get single line here.

Usage is simple. Buy when price closes above red line and you see blue line. Sell when price closes below blue line and you see red line. The sample image below is self-explanatory. The chart is latest EURUSD pair on H4 time frame. You can easily spot the starting of bull run and now starting of bearish phase.

Lastly, I’ve modified the code to great extent. It was originally by TrendLaboratory. So, the basic coding credit goes to them.

How to install Doda-Bollinger Bands – indicator for MetaTrader 4.mq4?


    Download Doda-Bollinger Bands – indicator for MetaTrader 4.mq4
    Copy Doda-Bollinger Bands – indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /
    Start or restart your Metatrader 4 Client
    Select Chart and Timeframe where you want to test your MT4 indicators
    Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client
    Right click on Doda-Bollinger Bands – indicator for MetaTrader 4.mq4
    Attach to a chart
    Modify settings or press ok
    Indicator Doda-Bollinger Bands – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Doda-Bollinger Bands – indicator for MetaTrader 4.mq4 from your Metatrader Chart?


    Select the Chart where is the Indicator running in your Metatrader 4 Client
    Right click into the Chart
    "Indicators list"
    Select the Indicator and delete

Click here below to download:

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