Trend Risk Bands indicator

Trend Risk Bands indicator

The TrendRisk bands indicator is a simple channel indicator made of 2 custom averages of candlesticks ranges calculated within the variable “BandsBars” period.

Upper and lower channel bands width can be adjusted with the “Deviation” variable, which act as a simple factor to enlarge the spread between them.

  • When Close crosses over the upper band, it is a bullish signal and candlesticks are painted in green
  • When Close crosses under the lower band, it’s a bearish signal and candlesticks are painted in red

Indicator converted from MT4 version by a request on the french forum.


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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. diegofe_2000 • 340 days ago #

    Gracias Nicolas , muy buen indicador , excelente para hacer sistemas, muy buenos resultados, de por si todos sus indicadores son los mejores.

  2. diegofe_2000 • 258 days ago #

    cordial saludo NICOLAS , gracias por excelente indicador. ¿ es posible obtenerlo en MT4 ? Lo tienes ?


    • Nicolas • 258 days ago #

      Lo siento, pero no estoy trabajando para ayudar a la gente aquí de forma gratuita para promover otro software …

  3. diegofe_2000 • 258 days ago #

    Nicolas , gracias por tu atención. La pregunta era por curiosidad (yo no trabajo ni manejo MT4),: siempre he tenido muy claro y he respetado el trabajo de las demás personas , especialmente el tuyo el cual considero muy bueno, por eso mismo en mi pregunta nunca mencioné la palabra gratuita.

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