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Doda-Bollinger Bands

by Dr.Hamdi Boukamcha
Name:
Doda-Bollinger Bands
Author: gkdoda (2011.01.31 13:24)
Rating: 4.5
Downloaded: 14321
Download:
Doda-Bollinger Bands   Doda-BBands.mq4 (5.9 Kb) View

Description:

Bollinger band is one of the famous indicator. But it’s implication of 3 lines confuse sometimes and one can not take proper action on time. So, here is the modified version of Boolinger band. You’ll get single line here.

Usage is simple. Buy when price closes above red line and you see blue line. Sell when price closes below blue line and you see red line. The sample image below is self-explanatory. The chart is latest EURUSD pair on H4 time frame. You can easily spot the starting of bull run and now starting of bearish phase.

Lastly, I’ve modified the code to great extent. It was originally by TrendLaboratory. So, the basic coding credit goes to them.

Image:

 

Doda-Bollinger Bands

Recommendations:

  • Works best on higher time frame like H4
  • Works on all currency pairs but good on stable pair like EURUSD
  • Take action on CLOSING of candle and not on just touching the blue or red lines.

More examples can be found on http://www.DodaCharts.com

12 comments: 1 2   To post a new comment, please log in or register

compliments a really good job!!
05.03.2013 16:58 shadowhunters

Hello

Its a copy/paste of the Matrix VCS indicator

11.02.2011 08:31 rpchost

Hello gkdoda,

 

Is this normal? Very flood the log file.

Thanks,

Doda-Bollinger Bands

Robert

07.02.2011 13:33 Roberto

Hello gkdoda,

No, there is no screen. There is only sound. The sound file to my setup, (wav file) so I know which one that indicator, which one foreign currency, which one time-frame indicated.

But it is still a very good indicator. And congratulations also to the others, I found your site. I will test them.

Robert

 

gkdoda:
Hello Roberto,

Seems you want audio alert with screen alert. Is it so?

 

07.02.2011 10:05 Roberto

Hello Roberto,

Seems you want audio alert with screen alert. Is it so?

 

07.02.2011 09:51 gkdoda

Hello gkdoda,

I mean, but I’m talking about such a solution.

Doda-Bollinger Bands

gkdoda:
Hello Robert,

I’ve already added alarm on change of line. Check it out.

DodaCharts.com

04.02.2011 18:49 Roberto

Hello Robert,

I’ve already added alarm on change of line. Check it out.

DodaCharts.com

01.02.2011 05:50 gkdoda

Hello gkdoda,

I understand, there is no problem. I thank you for the indicator, because at least this is an alarm. You can also incorporate other types of alarms may be? (Sorry for the bad English.)

Robert

gkdoda:
Hello Robert,

I’ve already mentioned that I’m not the original coder of this indicator. I found it from TrendLaboratory. No idea about Tidane. I’ve modified some code. That’s it.

DodaCharts.com

31.01.2011 17:53 Roberto

Hello Robert,

I’ve already mentioned that I’m not the original coder of this indicator. I found it from TrendLaboratory. No idea about Tidane. I’ve modified some code. That’s it.

DodaCharts.com

31.01.2011 17:19 gkdoda

Hello,

Doda indicator corresponds Tidane Trend to the indicator. (only if there is no alarm)

RobertDoda-Bollinger Bands

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