Two bollinger bands

AllAveragesEnvelopes_v1.0 600+ indicator with template - look at this page.

Hi ND and Igor, could we have a Bollinger bands on RSI - with ability to have decimal deviations, and is MTF?
Thanks

Originally Posted by Jozo

Hi ND and Igor, could we have a Bollinger bands on RSI - with ability to have decimal deviations, and is MTF?
Thanks

I asked Igorad about it.
By the way, I found the following:

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BB stops - rsi - indicator for MetaTrader 5

This version of Bollinger bands stops is applied to rsi indicator.

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RSI and Bollinger Bands - expert for MetaTrader 5

A trading strategy based on RSI and Bollinger Bands. Bollinger Bands is calculated using the RSI indicator handle. Trailing stop is determined using the SAR indicator (Parabolic SAR).

Originally Posted by Jozo

Hi ND and Igor, could we have a Bollinger bands on RSI - with ability to have decimal deviations, and is MTF?
Thanks

Hi Jozo,

You can try to use the AllRSI indicator or the AllKindsOfRSI from our Premium forum where just choose a proper Overbought/Oversold levels(Standard Deviation bands).

Regards,
Igor

RSI with BB - indicator for MetaTrader 5

The indicator consists in an RSI and Bollinger bands calculated on it, it also plots arrows when RSI value was out of Bands and came again in Bands.

Bollinger Bands Fills - indicator for MetaTrader 5

Adding the drawing style DRAW_FILLING to the standard Bollinger Bands indicator . The indicator is recommended for manual trading - to visually highlight the indicator area between the boundaries of ' Bands upper ' and ' Bands lower '.

In the world of trading, there are many tools and methods that we can use in our favor to achieve out trading goals. These tools can be used according to market condition or according to market status.

One of such methods is trading bands. The main concept of trading bands is to trade between two bands buying and selling to benefit from the determined bands. One of these tools is the Bollinger Bands indicator. This indicator is one of the most popular or one of the most commonly used one in the world of technical analysis and trading.

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Bollinger Bands are versatile tools in trading strategies, effective for both trend following and identifying potential turning or reversal points. Technically, the indicator is made up from an exponential moving average (EMA) that smooths out the closing price of a security. This central line is enveloped by two additional lines, positioned above and below the EMA by typically 2 standard deviations.

In this article, we aim to empirically analyze the benefits of strategy from the ground up.We aim to help readers who may be considering using the Bollinger Bands to decide whether the strategy may be better suited for them. Furthermore, we will show how technical indicators may be used to guide AI models and hopefully develop more stable trading strategies.

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Various types of trading systems are built with Bollinger bands, one of which is Triple BB, this uses three Bollinger bands with different period settings, traders will only make entries when the upper band or lower band are close to each other, BB with long periods is used for long-term trend analysis, and two other BBs for confirmation signals.'

In the dynamic world of financial trading using of technical indicators can be of big impact. Bollinger Bands are one such effective technique that traders can use to determine possible entry and exit points based on price volatility and trend strength. This article explores automating trading choices with a Bollinger Bands trading technique utilizing the MQL5 programming language in MetaTrader 5.

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