The Expert Advisor is rewritten from MQL4, the unknown author, published by Scriptor, link to the source –
How it works
Green line – price difference with one of the line of Bollindger Bands®.
Red line – sum of values of the BearsPower and BullsPower indicators multiplied by -1.
The i_Trend indicator (the third window below) and indicators on the basis of which it is built: Bollinger bands, BearsPower and BullsPower
Parameters
- Price – Price type used to calculate the difference of price and Bollinger Bands.
- BBPeriod – Period of Bollinger Bands.
- BBShift – Shift of Bollinger Bands.
- BBDeviation – Deviation of Bollinger Bands.
- BBPrice – Price of Bollinger Bands.
- BBLine – Used line of Bollinger Bands.
- BullsBearsPeriod – Period of Bulls Bears Power.
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