BollingerBands

The BollingerBands© 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 BollingerBands© indicator BollingerBands© – indicator MetaTrader 5