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Metatrader 5 Indicators | bbhisto | MetaTrader Tool

RobotFX curates the best open-source MetaTrader code to inspire your trading automation.

Real author:

Nick Bilak

A trend indicator that uses the Standard Deviation.

Recover from drawdowns intelligently with the Auto Recovery Expert Advisor for MT4/MT5. Perfect for hedging strategies. Learn more.

The author believes that it is one of the most interesting modifications of Bollinger Bands. It shows the standard deviation in the bar representation.

Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 01.01.2007.

Figure 1. The bbhisto indicator

Figure 1. The bbhisto indicator

Complement community code with advanced automation from RobotFX.

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