Name: Bollinger Bands Bars
Type: Indicator
Platform: MT4
This custom MetaTrader 4 (MT4) indicator visualizes Bollinger Bands using colored bars to represent price movements relative to the upper and lower bands. It also includes additional touches and candles that highlight key levels of price action, such as when price touches the Bollinger Bands.
1. Input Parameters
code: Custom code for API interaction (default: "Add your code").
BBPeriod (int): Period for calculating the Bollinger Bands. Default: 20
BBPrice (int): Price type for calculating the Bollinger Bands. Default: 0 (Close)
BBDeviations1 (double): Standard deviations for the first Bollinger Band. Default: 2
BBDeviations2 (double): Standard deviations for the second Bollinger Band. Default: 3
BodyUpColor (color): Color of the body of a bullish candle. Default: LimeGreen
BodyDownColor (color): Color of the body of a bearish candle. Default: PaleVioletRed
BodyWidth (int): Width of the candlestick body. Default: 3
DrawBars (int): Whether to draw bars. Default: 0
TouchesVisible (bool): Whether to display touches on the Bollinger Bands. Default: true
TouchesTolerance (double): Tolerance level for detecting touches on the Bollinger Bands.
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
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