that is Gekko’s Bollinger Bands index. It expands the use of the famous Bollinger Bands and computes strong entry and exit signs using
cost action on the border and on the middle bands. You can set it up in many different ways, eg: pullback, pullback against fad, middle band
crossing and middle ring tapping against trend.
Inputs
- number of wedges to Plot Indicator: number of historic bars to plot the indicator, keep it low for improved performance;
- Produces Signal only When a bar Closes: wait for a bar to shut to produce a signal (more accurate, by delayed entry) or
produces signal online (could trigger false signals); - Conditions: select between producing signals where there’s a pullback, when there’s a middle band price crossing or both!;
- Conditions Settings: configure number of bars in the band to trigger pullback, if signal will be produced only against the
trend, standard deviation average, etc. - Visualization: settings for showing texts on bars to show signal description.
- Plays a sound when there is a swing: set it as true and it will play a sound on the MetaTrader terminal
every time there is a new signal produced indicating entry or exit points. - Write Logs On Terminal Window: set it as true if you want the indicator to write logs on the terminal’s
Experts tab every time a new signal is produced indicating entry or exit points - Send Mobile Push Notifications: set it as true if you desire to receive push notifications on the
MetaTrader app on your mobile when a new signal is produced indicating entry or exit points - Send E-Mail Alerts: set it as true if you desire to receive e-mail alerts at the e-mail address configured
on the terminal when a new signal is produced indicating entry or exit points
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Good trades!
Donate part of your profit to good causes and humanitarian entities of your choice. “Money only comes if there’s a purpose for you to earn it”.
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