MOR Multiple Bollinger Bands 外汇EA

This indicator is based of the well-known Bollinger Bands indicator and provides for an easier operation with BB. It allows drawing up to 3 Bollinger channels and thus simplifies navigation in the list of indicators. Also it allows plotting Bollinger Bands of different timeframes, for example: draw BB on M5 timeframe with parameters: Period = 100, Timeframe = H1.

Inputs Value

• Mode – choosing different modes of working with the indicator
• StaticTimeFrame – the indicator draws Bollinger Bands from the specified timeframe
• NextTimeFrame – the indicator draws Bollinger Bands of the next higher timeframe
• TimeFrame – choose a timeframe to draw Bollinger Bands if Mode = StaticTimeFrame, otherwise the parameter is ignored
• Label – show/hide the current period and timeframe of Bollinger Bands, by default it is shown in the upper right corner of the window
• BandsPeriod – period for drawing Bollinger Bands
• MainBand_0 – show/hide the main Bollinger Bands line
• BandsDeviation_1, BandsDeviation_2, BandsDeviation_3 – deviation of BollingerBands, the line is hidden if set to 0.0
• BandsShift – shift of Bollinger Bands
• BandsAppliedPrice – price used for calculating and drawing Bollinger Bands
• Label_X, Label_Y – coordinates of the label showing the current BB period and timeframe

The indicator does not support the drawing of values ​​from the MN1 timeframe. Also, there may not be enough history data, e.g. if you draw Bollinger Bands with parameters: Period = 100, Timeframe = D1 on M1.