My intention was to write an indicator that shows Bollinger Bands ® breakouts and the width of the bands. So there was v1. Orange line shows width.
If blue line crosses zeroline to above its a breakout to above and if red line crosses zeroline to above its a breakout to below.
MT4 Indicators – Download Instructions
BOBB is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
BOBB provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install BOBB.mq4?
- Download BOBB.mq4
- Copy BOBB.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on BOBB.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator BOBB.mq4 is available on your Chart
How to remove BOBB.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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MT4 Indicators Download here: BOBB