I have been looking for an indicator for MT4 that alerts when prices closes / crosses above from below and also closes / crosses below from above Bollinger Bands.

Must be able to edit Bollinger Bands settings.

I have searched but to no avail, any one help ?

I am looking for a similar indicator on Bollinger bands
ie buy signal
1) Close cross lower BB 20 periods 2 Deviations &
2) RSI 14 periods cross or below 30 &
3) Stochastics 5,3,3 cros or below 20

Can someone please write this expert with sound alert for buy & sell signals
Thanks

BandsHistogram_Points.mq4: Deviation (bb width) in pips
update: +applied price (default - price Open)

Attached Images

bb w pips.gif (14.7 KB, 1376 views)

Attached Files

BandsHistogram_BWidthPoints.mq4 (3.0 KB, 264 views)

Idea is to tweak bollinger bands so includes more ATR.
Bollinger relies on close only so this band is slightly different.

Is concept from 1993 Futures mag article.

TScode may help with idea. Shown below.
This plots but does not do the bands themselves.

Need an MQ4 that does these probability bands.

I have come across an ATRBands mq4 before , and there is the Keltner Bands too ,
The ATR bands when smoothed out are a close match to Keltner bands - so this may not be new, BUT think it is worth trying.




Variables : HighD(0), LowD(0), RangeD(0), HighW(0), LowW(0) , RangeW(0), AverageRangeD(0), AverageRangeW(0), DailyRange(0), WeeklyRange(0);

if DataCompression = 3 then
DailyRange = 12;
if DataCompression = 3 then
WeeklyRange = 52;


if DataCompression = 2 then
DailyRange = 5;
if DataCompression = 2 then
WeeklyRange = 21;

HighD = Highest(High,DailyRange);
LowD = Lowest(Low, DailyRange);
RangeD = (HighD - LowD);
AverageRangeD = Average(RangeD, DailyRange);


if close crosses below Plot1 then
alert ( "MARKET IS SHORT TERM OVERBROUGHT");

if close crosses above Plot2 then
alert ( "MARKET IS SHORT TERM OVERSOLD");

Plot1((Average(Close, DailyRange) + .5 * Average(RangeD, DailyRange)), "ST
OB");
Plot2((Average(Close, DailyRange) + .5 * Average(RangeD, DailyRange)), "ST
OS");

HighW = Highest(High,WeeklyRange);
LowW = Lowest(Low, WeeklyRange);
RangeW = (HighW - LowW);
AverageRangeW = Average(RangeW, WeeklyRange);

if close crosses below Plot3 then
alert ( "MARKET IS LONG TERM OVERBROUGHT");

if close crosses above Plot4 then
alert ( "MARKET IS LONG TERM OVERSOLD" );

Plot3((Average(Close, WeeklyRange) + .5 * Average(RangeD, WeeklyRange)), "LT
OB");
Plot4((Average(Close, WeeklyRange) + .5 * Average(RangeD, WeeklyRange)), "LT
OS");

Hello all traders and developers,

I am looking for a fair expert advisor that uses Bollinger Band. Where I can change the settings and test it for trade. Please help if you know any Bollinger Band EA.

Thanks in advance.
Best Regards.

I got the Kalenzo BB % but when i compiled and the plot it it doesn't show new values,as you can see in chart attached. I got the other version -from Alejandro Galindo- and this is running well. I would like to have the Kalenzo indi working cuz it has alerts, so i hope you know how to fix this.

I have a FXDD demo account for my charts and has metatrader 4

Attached Images

	bbprc5m.gif (23.2 KB, 1085 views)
	bbprc15m.gif (24.7 KB, 1096 views)
	bbprc1m.gif (22.1 KB, 1095 views)

Another thread about Better Bollinger Bands is located here: Better Bollinger Bands...

__________________

Many Thanks for your quick answer, i will check the thread and i hope to find a BB % there.

Another BB% is is second post here: Raw Ideas

My version is on Elite section.

__________________

bb PercentB

Attached Images

bb perc b.gif (15.6 KB, 1026 views)

Attached Files

Bollinger_Bands_PercentBM2.mq4 (3.2 KB, 138 views)