Bollinger band and candle indicator
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Hi @jdh320
Here is the indicator…
S1=Average[20](Close) //SMA 20 periods S2=Std[20](Close) // Standard Deviation 20 periods S3=Close[1]>Open[1] and Open>Close[1] and Close<Open[1] //Bearish Engulfing S4=Close[1]<Open[1] and Open<Close[1] and Close>Open[1] //Bullish Engulfing If Close[1] Crosses Over S1[1] + 2*S2[1] and S3 then DrawArrowDown(BarIndex,High+5*pipsize) Coloured(255,0,0) EndIf If Close[1] Crosses Under S1[1] - 2*S2[1] and S4 then DrawArrowUp(BarIndex,Low-5*pipsize) Coloured(0,255,0) EndIf Return S1 as "SMA[20]" Style(Dottedline), S1+2*S2 as "BB-Up" Coloured(255,0,0), S1-2*S2 as "BB-Down" Coloured(0,255,0)
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Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 12/14/2022 |
| Status: | Active |
| Attachments: | 1 files |
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