BollingerBandsĀ© – indicator MetaTrader 5

The BollingerBandsĀ© indicator is a derivative from the standard Bollinger Bands. When the indicator displays peaks, you should wait for the reversal.

The formula for calculation of the indicator: BollingerBands [bar]=(close[bar]-UpperBB[bar])/(LowerBB[bar]-UpperBB[bar]).

Fig.1 The BollingerBandsĀ© indicator


šŸ“ˆ ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks