Superior Bollinger Bands Scanner product web page
MT4 model here
MT5 model here
Bollinger Bands Settings
Set Bollinger bands interval, MA technique, and the variety of deviations right here.
Bands Squeeze Settings
Squeeze ATR Multiplier: It is the identical because the Keltner Channel ATR multiplier. Dashboard detects Bollinger Bands squeeze (worth consolidation) the place higher and decrease bands of Bollinger bands are inside higher and decrease channel traces of Keltner channel with outlined ATR multiplier. The default worth is 1.5 ATR. It means the gap of the higher band and center line of Bollinger bands (MA) with the variety of deviations of two, have to be lower than 1.5 ATR to think about the bands squeezed (similar for the decrease band). Growing the ATR multiplier generates extra however much less dependable squeeze indicators.
Squeeze Length (bars): It is the minimal variety of bars because the size of bands squeeze to think about squeeze legitimate. The default worth is 11. It means for at the very least 11 bars the Bollinger bands have to be throughout the Keltner channel to present a sign within the dashboard.
Timeframes to scan (MT4 model): You’ll be able to sort the identify of timeframes (as proven within the MT4 toolbar) you wish to monitor separated with the underline(underscore) “_” image. Lowering the variety of timeframes for monitor reduces the calculations required and improves the dashboard efficiency.
Sign after candle shut: If true dashboard waits till the shut of the present candle after which checks the sign.
Popup Alert: To allow MT4 alert window informing dashboard indicators on a logo and timeframe. Choose symbols and timeframes that you simply wish to get alert for them by ticking their checkboxes on the panel.
Telephone Notification: To obtain indicator alerts on the cellphone. For this to work you should allow and fill the MetaTrader push notification settings from the Notifications tab on the MetaTrader choices dialog (ctrl+o).
Electronic mail Alert: To obtain indicator alerts by way of e mail. For this to work you should allow and fill the MetaTrader e mail settings from the Electronic mail tab on the MetaTrader choices dialog (ctrl+o).
Template identify for brand new chart: Enter the identify of the template you wish to apply to new charts opened by clicking on the “Open in new chart” button.
Panel Font Measurement: You’ll be able to change the font measurement of labels and buttons information with this.
Timeframe Settings (MT5 model)
There are as much as 9 timeframes for every image. For every timeframe you may select from 21 default MT5 timeframes from the dropdown record. By choosing “present” for a timeframe you may disable that timeframe and scale back the variety of timeframes within the dashboard. Lowering the variety of timeframes for monitor reduces the calculations required and improves the dashboard efficiency.
The primary time you run the indicator it would take some time to replace historical past information and present indicators.
To spice up efficiency on older PCs set “Max bars in chart” to 10000 or much less within the “Charts” tab on the MetaTrader choices dialog (ctrl+o). Lowering the variety of timeframes as said above in timeframe settings additionally improves efficiency.
Obtain the Demo model beneath.
MT4 demo model solely scans M1 & M5 timeframes.
MT5 demo model solely scans M1 & M6 timeframes.
In case you have any questions concerning the indicator ask me within the feedback or personal message.