An alternative to Bollinger Bands® with the color filling inside the channel, drawn as a cloud, with the display of the last values as price labels and the possibility to round the channel levels up to a required number of digits.

//+----------------------------------------------+
//|  INDICATOR INPUT PARAMETERS                  |
//+----------------------------------------------+
input string  SirName="Float_Pivot_Digit";          //The first part of the name of graphical objects
input int IPeriod=100;                              //Extremum search period
input ENUM_APPLIED_PRICE_ IPC=PRICE_MEDIAN_;        //Price constant
input int Shift=0;                                  //Horizontal indicator shift in bars
input uint Digit=2;                                 //Number of digits to round to
input bool ShowPrice=true;                          //Show price labels
input color Upper_color=clrTeal;                    //The color of the upper price label
input color Middle_color=clrBlue;                   //The color of the middle price label
input color Lower_color=clrMagenta;                 //The color of the lower price label

The number of digits to round is set in the input variable Digit:

MT5 Indicators – Download Instructions

Float Pivot Digit MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

Float Pivot Digit MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies

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How to install Float Pivot Digit MT5 Indicator.mq5 to your MetaTrader 5 Chart?

• Download Float Pivot Digit MT5 Indicator.mq5
• Copy Float Pivot Digit MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
• Start or restart your Metatrader 5 Client
• Select Chart and Timeframe where you want to test your mt5 indicator
• Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
• Right click on Float Pivot Digit MT5 Indicator.mq5
• Attach to a chart
• Modify settings or press ok
• Indicator Float Pivot Digit MT5 Indicator.mq4 is available on your Chart

How to remove Float Pivot Digit MT5 Indicator.mq5 from your Metatrader 5 Chart?

• Select the Chart where is the Indicator running in your Metatrader 5 Client
• Right click into the Chart
• “Indicators list”
• Select the Indicator and delete

Float Pivot Digit MT5 Indicator (Free Download)

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La entrada Float Pivot Digit MT5 Indicator se publicó primero en ForexMT4Indicators.com.