important index for trading on all instruments. an improved variant of this Bollinger rings index, made by the outstanding analyst John Bollinger. One of the main differences between the Super Bollinger Bands indicator and its predecessor is that it exhibits the behavior of the upper and lower bands on the top line using attribute colours. Thus, the indicator provides the trader with visual information regarding the development of the trend in the current moment, and not previously, as most other signs do. It supports sending notifications about signals to email, as well as using alerts.

The indicator shows where the price will move, and is to a certain extent ahead. It also reports on the moments of movement attenuation, which allows the trader to orient himself in time and get out before his shift. Using the Super Bollinger Bands indicator, there is no need to constantly look at the bands, since their behavior is sufficiently described by the middle line.

Feed Settings

• bb_period – period of tapes (20)
• bb_dev-reject tapes (2)
• bb_shift-offset (0)
• bb_price – apply the calculations to (Close Price)

Super Bollinger Bands Settings

• mode_ma – MA rendering mode. Full drawing – full drawing taking into account the direction of the trend, as well as the direction of movement of the tapes. Simple drawing – normal drawing, taking into account the direction of the trend. (Full drawing)
• draw_bb – shows/hides the ribbon. true to display the ribbon. false – hide the ribbon. (true)
• cmp_dev – allowable error for comparisons of indicators in the drawing (0.0001)

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If you increase the cmp_dev parameter, the rendering will become less sensitive, if you reduce it, on the contrary, the indicator will draw a lot of false signals. It is recommended to set this parameter depending on the feed settings and the nature of the price movement.

Setting up notifications

• signal_bar – the bar where the indicator receives a signal to send notifications (Zero bar)
• send_mail-enable / disable sending signal notifications to e-mail (true)
• send_mail_test-enable / disable sending a test notification to an e-mail when the indicator starts (false)
• alerts-enable / disable signal notifications using alerts (true)
• uptrend_accel-enable / disable the “Acceleration uptrend” signal (true)
• uptrend_fad-enable / disable the “Fading uptrend” signal (true)
• downtrend_accel-enable / disable the “Acceleration downtrend” signal (true)
• downtrend_fad-enable / disable the “Fading downtrend” signal (true)

Attention! Notifications to e-mail, as well as alerts do not work in test mode, instead of them, messages are displayed in the tester’s Log. This function works only if alert=true.

Color and line width settings

• flat_cl – color for displaying the flat (Yellow)
• trend_up_cl-color for displaying the downward direction (deepskyblue)
• trend_down_cl-color for displaying the downward direction (darkorange)
• accel_up_cl – color to display the acceleration of the uptrend (BlueViolet)
• fad_up_cl-color for displaying a fading uptrend (saddlebrown)
• accel_down_cl-color to display the acceleration of the downtrend (Magenta)
• fad_down_cl-color to display the fading of the downtrend (firebrick)
• width_lines – line width (2)

The first mode of operation of the indicator: mode_ma = Full drawing – full drawing of the middle line, taking into account the direction of movement of the tapes. Characteristic features.

• Acceleration of the upward movement: the line is painted in purple (blueviolet).
• Fading of the upward movement: the middle line is painted in brown (saddlebrown) color.
• Acceleration of the downward movement: the line is painted in pink (Magenta).
• Attenuation of the downward movement: the middle line is painted in the color” firebrick ” (firebrick).

The other colors of the lines indicate the direction of movement.

• Upward movement: blue (mixed color) color.
• Moving down: orange (darkorange) color.
• Sideways movement: yellow (Yellow) color.

The second mode of the indicator: mode_ma = Simple drawing – drawing only the direction of the middle line, without regard to the movement of tapes, and rendering themselves of strips, taking into account their directions.

The settings of the Bollinger Bands indicator are made in such a way that most of the price is always inside the envelope formed by the bands. When the price comes closer to one of the bands or crosses it, the bands begin to expand, which allows the trader to judge the beginning of the price movement with a sufficient degree of confidence. As soon as the price begins to move and the bands begin to expand, the indicator paints the middle line in purple for the upward movement (acceleration of the upward movement) and in pink for the downward movement (acceleration of the downward movement), which can be a direct signal to enter the market.

The following signals along the middle line can serve as exit signals: motion attenuation (brown (saddlebrown) for an upward movement or the color “firebrick” for a downward movement), flat (yellow line color) and directly, a change of movement. The greatest profit can be taken when changing the movement. At the same time, several overclocks and fades may occur before its change.

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