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Double Bollinger Band

PostPosted: Mon Aug 22, 2011 2:19 pm
by Nikolay.Gekht
Just a double Bollinger band indicator used in The Little Book of Currency Trading by Kathy Lien

Please see explanations how to use it
http://www.investopedia.com/articles/fo ... z1VmdUeyAw

This indicator is equal to putting just two BB indicators on the same chart, but is a little bit less resource eating and can highlight the zone between inner and outer bands for easier interpretation

dbb.png


Download:
Double Bollinger Band
dbb.lua
(4.33 KiB) Downloaded 3450 times

Triple Bollinger Bands
tbb.lua
(5.94 KiB) Downloaded 1892 times


TBB with Alert.lua
(21.46 KiB) Downloaded 1187 times

Dec 10, 2015: Compatibility issue Fix. _Alert helper is not longer needed.

The indicator was revised and updated

MT4/MQ4 version
viewtopic.php?f=38&t=64446

Re: Double Bollinger Band

PostPosted: Tue Nov 15, 2011 3:01 am
by bedayan
Is it possible for code this thing for triple bollinger band? I require triple bollinger band.

Re: Double Bollinger Band

PostPosted: Tue Nov 15, 2011 3:29 am
by Apprentice
While you wait, you can try Multiple Bollinger Bands.
viewtopic.php?f=17&t=1319&p=5262&hilit=multiple+bullinger#p5262

Re: Double Bollinger Band

PostPosted: Tue Nov 15, 2011 5:07 am
by Apprentice
Triple Bollinger Bands added.

Re: Double Bollinger Band

PostPosted: Mon Mar 05, 2012 10:13 am
by followNev
Hi,
I am using the DBB indicator and it works really well when I screen my ccy pairs.
Has anyone created an automated strategy for this that we can download ?

Double Bollinger Band

PostPosted: Tue Mar 06, 2012 2:36 am
by LauraZ
always in the market ssytem. signal, cross of middle band of bollinger band and MA

no need for stat analysis for this one its being used to make the cross points clearer for a wider arrayed trading systems

Re: Double Bollinger Band

PostPosted: Tue Mar 06, 2012 4:22 am
by Apprentice
Which algorithm do you want to use this strategy

Re: Double Bollinger Band

PostPosted: Thu Mar 08, 2012 8:26 am
by followNev
Apprentice wrote:Which algorithm do you want to use this strategy


is it possible to create a new algo for this ?
I have an idea of how I'd like the algo to work, would I have to pay for the code ?

thanks

Re: Double Bollinger Band

PostPosted: Mon Nov 11, 2013 5:13 pm
by Coondawg71
Can we please add a request to the development que regarding the Triple Bollinger Band indicator.

I would like to see a Signal with Alert capacity upon each breach of Deviation Level.

For example, attached image highlights breach of 2.0 deviation.
Ideally, alert would send signal upon each breach of the triple bollinger band. like 1.0, 1.62, 2.0.

Thanks,

sjc

Re: Double Bollinger Band

PostPosted: Tue Nov 12, 2013 4:16 am
by Apprentice
TBB with Alert added.