Bollinger sell-buy ZoneMT4
1. Indicator Advisor Purpose:This EA is primarily focused on displaying Bollinger Bands on the chart along with some account information.
2. Bollinger Bands:Bollinger Bands are a technical analysis tool that consists of a middle band (SMA), an upper band, and a lower band.
The upper and lower bands are derived from the standard deviations of the price.
3. Inputs (Customizable Parameters): The indicator allows users to customize the following parameters:
BandsPeriod: Determines the number of periods used to calculate the Bollinger Bands.
Deviations: Sets the number of standard deviations for the bands.
BandsShift: Shifts the bands by a specified number of periods.
Colors: Users can set colors for different elements like bands, labels, etc
FontSize and FontName: Define the font size and style for displayed text.
ShowPanel: Determines whether to display the information panel.
AnchorCorner: Specifies the position of the information panel on the chart.
4. Information Panel:The EA creates an information panel on the chart, displaying details like account balance, equity, profit, free margin, and margin level.The panel also shows the percentage of open trades relative to the account balance.
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