BOLLINGER BANDS MTF MONITOR ALERT INDICATOR

BOLLINGER BANDS MTF MONITOR ALERT INDICATOR

Multi-timeframe Bollinger bands indicator.

updated version of the old indicator of 2017, which I made for a trader from the US in instagram talk, to trade in majors and options to them, Vitaly in the comments reminded me that I have wanted to update it, so download the latest version and test it.



What is changed compared to the old version:
Added a cross timeframe signal monitor on the chart, it duplicates all signals received from the indicator from all timeframes for the current pair.

Removed the old logic signals, instead introduced a list of logic

what it means



NO_ALERTS – no signals at all just indicator on a chart
OUTSIDE_OF_BB_RANGE – current price out of BB range
BREAK_OUT_BB – breakout BB range (first signal candle, the classic scheme of logic)
FAKE_BREAK_OUT – fake breakout so when the candle break BB range and the next candle is closing in the range back
BREAK_IN_BB – this is break in signal from outside bb range to the middle prices

An additional signal modifier Candles_Flip has been added, by default it is set to NO, if you select YES, i.e. enable it, an additional condition for changing the direction of candlesticks will be added to any of the signals: for buy signals – a bearish candle to a bull, for sell signals – a bullish candle to a bearish.

In the MTF_Alerts parameter you can list the timeframes from which you want to receive alert notifications m1 m5 m15 m30 h1 h4 d1 w1 mn separated by spaces

If you want to work only with the current timeframe, leave this parameter empty.