Bollinger Bands Outside Candle Alert signal indicator displays the price breaking through Bollinger Bands, places signal labels, paints a signal candle and activates a signal message.

It has six input parameters:

• BB period - Bollinger Bands calculation period
• BB deviation - Bollinger Bands deviation value
• BB line breakdown method
• Opening inside, then closing outside - a signal candle is opened inside Bollinger Bands and closes outside
• Opening and closing outside - a signal candle is opened and closed outside Bollinger Bands
  
• Show bands - display Bollinger Bands (Yes/No)
  
• Show signal candles (Yes/No)
• Use alerts - display signal messages (Yes/No)