Bollinger_Bands_Stops (new version) is a new version of a well known Bollinger bands stops the indicator. Bollinger_Bands_Stops (new version) version is using new mt4 possibilities and is more rational when it comes to multi time frame mode (lighter on the CPU) It can use one of the 5 average methods for calculations:-
- Simple moving average (SMA)
- Exponential moving average (EMA)
- Smoothed moving average (SMMA)
- Linear weighted moving average (LWMA)
- Triple exponential moving average (TEMA)
Bollinger_Bands_Stops (new version) can display any combination of :
- displaying lines
- displaying dots/arrows
- displaying colored bars