MT5 / 006
Multi-timeframe Bollinger support and resistance
Overview
Multi-timeframe Bollinger support and resistance · MT5
Platform: MetaTrader 5 · Main chart
- Calculation period: the number of bars used by the indicator.
- Threshold: sets a filtering or triggering level.
- Applied price: selects the price used in the calculation.
- Reference timeframe: selects the data timeframe.
- Display color: adjust for your chart background.
- Line or bar width: adjust to suit your chart and screen.
1. Indicator in use
2. Parameter settings
| Parameter | Default | How to use |
|---|---|---|
| Boll Period | Default20 | How to useCalculation period: the number of bars used by the indicator. |
| Boll Deviation | Default2.5 | How to useThreshold: sets a filtering or triggering level. |
| Parameter · Applied price | DefaultPRICE_CLOSE | How to useApplied price: selects the price used in the calculation. |
| Reference timeframe | DefaultPERIOD_H1 | How to useReference timeframe: selects the data timeframe. |
| Parameter · Display color | DefaultclrRed | How to useDisplay color: adjust for your chart background. |
| Parameter · Display color | DefaultclrLime | How to useDisplay color: adjust for your chart background. |
| Parameter · Display color | DefaultclrRed | How to useDisplay color: adjust for your chart background. |
| Parameter · Display color | DefaultclrLime | How to useDisplay color: adjust for your chart background. |
| TextSize | Default12 | How to useLine or bar width: adjust to suit your chart and screen. |
| Parameter · Chart text | Default5 | How to useChart text: shows or hides indicator values and labels. |
| Parameter · Calculation period | DefaultSTYLE_DOT | How to useCalculation period: the number of bars used by the indicator. |
| Arrow size | Default1 | How to useArrow display: size, distance or visibility of signal markers. |
| Parameter · Arrow display | Default5 | How to useArrow display: size, distance or visibility of signal markers. |
| Enable alerts | DefaultEnabled | How to useNotification switch: controls alerts, popups or email. Email requires terminal configuration. |
| Email alert | DefaultEnabled | How to useNotification switch: controls alerts, popups or email. Email requires terminal configuration. |
| Alert bar | Default0 | How to useAlert bar: 0 is the current bar; 1 is the previous closed bar. |
Installation and use
Place the indicator file in the terminal’s MQL4 / MQL5 → Indicators folder, refresh Navigator, then drag it onto a chart.
MT5 · Indicators
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