That comes from my personal blog, not forum Linuxser's blog.

The full date is:

Sunday, June 01, 2008

Bollinger makes Forex

Posted by Linuxser at 7:45 PM


And I've already posted on the forum. Link:http://www.forex-tsd.com/204515-post126.html
Post date: 04-16-2008, 09:59 PM

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Hello.

I am not a programmer. I have Intellichart beside Metatrader4. On Intellichart I can make the bollingerband show the bands with 2,5 deviation. In MetaTrader 4 I cant seem to make any bands with decimal like 2,5 only 1, 2 or 3.

Is there anyone have a solution for me as I need for as system 2,5 deviation please?

use "Bands" indi from mt4 Custom indicators folder or other (this thread) which has "extern double BandsDeviations=2.0;" (or simply just try and see if it will let you put double (decimal) or not)

Thank you very much sir. That was the solution for my challenge. I was not aware of that one. Thank you again

hi!
i'm from china!My English is a little weak!
Please help me find this Indicators..
cc.JPG

It's hard to discover what is it by just looking a picture without any references.

But if you say middle line is price you could try to plot a separate SMA(1) and then add BB.

picture1c2345774321271234.gif

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hi

looks like standard deviation with bollinger bands on it

regards

Thanks to Linuxser and lodol2 !

Linuxser,I have read your article a lot,You are a master!

This Intellichart maybe after smoothing!

Linuxser can you give your opinion about the Alligator indicator? I have been using it and it is pretty similar to Bollinger bands but it indicates very well entry and exit moments with its appearance.

Oh no, far away each other.

Alligator:

Bill Williams describes the Alligator as being like a compass which keeps your trading in the right direction. The Alligator helps you spot a real trend and stay out of range-bound trading, which always result in losses. The Alligator is the combination of three balance lines:
The Alligator

Alligator's Jaw (the blue line) - 13-period moving average at the mid price (High+Low)/2, which is offset 8 bars into the future;
Alligator's Teeth (the red line) - 8-period moving average at the mid price (High+Low)/2, which is offset 5 bars into the future;
Alligator's Lips (the green line) - 5-period moving averageat the mid price (High+Low)/2, which is offset 2 bars into the future.


BB:

Bollinger Bands are an indicator that allows users to compare volatility and relative price levels over a period time. The indicator consists of three bands designed to encompass the majority of a security's price action.

1. A simple moving average in the middle
2. An upper band (SMA plus 2 standard deviations)
3. A lower band (SMA minus 2 standard deviations)

Standard deviation is a statistical unit of measure that provides a good assessment of a price plot's volatility. Using the standard deviation ensures that the bands will react quickly to price movements and reflect periods of high and low volatility. Sharp price increases (or decreases), and hence volatility, will lead to a widening of the bands.

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