Bollinger Bands Signals

Name: Bollinger Bands Signals

Type: Indicator

Platform: MT4

The Bollinger Bands indicator consists of three lines: a middle band (SMA), an upper band (SMA + 2 standard deviations), and a lower band (SMA - 2 standard deviations). These bands adjust to market volatility, expanding during high volatility and contracting during low volatility. Price movements outside the bands signal potential overbought or oversold conditions, often used to identify trade opportunities.

Additionally, arrows are displayed on the chart for buy signals (when the price crosses below the lower band) and sell signals (when the price crosses above the upper band). Alerts are triggered for these signals, notifying the trader of potential entry points via sound, message, email, or push notifications.

1. Input Parameters
code: Custom code for API interaction (default: "Add your code").
emaPeriod: The period for calculating the Exponential Moving Average (EMA) (default: 14).
emaPrice: The price used for calculating the EMA (default: PRICE_CLOSE).
bandPercent: The percentage used to determine the upper and lower Bollinger Bands (default: 2).
alertsOn: Whether to enable or disable alerts (default: false).
alertsOnCurrent: Whether to enable alerts for the current bar (default: true).
alertsMessage: Whether to enable alert messages (default: true).
alertsSound: Whether to play a sound for the alert (default: false).
alertsPush: Whether to send a push notification when an alert is triggered (default: true).
ShowArrows: Whether to display arrows on the chart for trend changes (default: true).
ArrowsUpColor: The color used for arrows indicating an upward trend (default: Green).
ArrowsDnColor: The color used for arrows indicating a downward trend (default: Red).
ArrowsSize: The size of the arrows (default: 1).
showPanel: Whether to show the information panel (default: true).

2. Panel Information
The indicator displays two information panels on the chart. The first panel shows rent indicator details, such as days and date of subscription. The second panel provides details such as:

Account balance
Equity
Profit
Free margin
Margin level
Open trade percentage
Total open lot size