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List of Free MetaTrader Indicators

Date post: 16-Nov-2014
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List of Free MetaTrader Indicators
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Metatrader Indicators 1
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Page 1: List of Free MetaTrader Indicators

Metatrader Indicators 1

Page 14: List of Free MetaTrader Indicators

Bollinger Bands

Bollinger BandsClick on image for larger view

Bollinger bands are formed by three lines. The middle line (ML) is a usual Moving Average.

ML = SUM [CLOSE, N]/N

The top line, TL, is the same as the middle line a certain number of standard deviations (D) higher than the ML.

TL = ML + (D*StdDev)

The bottom line (BL) is the middle line shifted down by the same number of standard deviations.

BL = ML — (D*StdDev)

Where:N — is the number of periods used in calculation;SMA — Simple Moving Average;StdDev — means Standard Deviation.

StdDev = SQRT(SUM[(CLOSE — SMA(CLOSE, N))^2, N]/N)

Metatrader Indicators 14

Page 17: List of Free MetaTrader Indicators

BarTimer BarTimer

It displays the current time position in relation to the beginning and the end of the bar. In addition the ratio between the time passed since the beginning of the bar and the whole bar duration expressed in percents is given. The informer is useful for choosing the moment of making a trade decision.

Bands LSMA Indicator Bands LSMA Indicator

Metatrader Indicators 17


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