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This indicator uses Bollinger Bands lines to detect markets trend. It’s a very useful tool for manual trading. Furthermore it is possible to use the indicator with ATR as a filter, as well as the option to pop up an alert when a reverse trend occurs.
The readings are very simple to use and understand. Indicator works best on H1 timeframe.
You can to get source code from here.
Parameters
- BarsCount – How many bars used to show the line.
- BBperiod – Period of Bollinger Bands.
- BBdeviations – Deviations of Bollinger Bands.
- ATRperiod – Period of ATR.
- UseATRfilter – Use ATR for filter.
- AlertON – Pop up an alert.
- ShowArrows – Show arrows in case of any trend change.
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