forex software

Create and Test Forex Strategies

forex software

Sidebar

Indicator List

indicator:steady_bands

Table of Contents

Steady Bands

FIXME

Parameters

Logical rules for Opening Point of the Position slot.

  • Enter long at Upper Band;
  • Enter long at Lower Band;

Logical rules for Opening Logic Condition slot.

  • The bar opens below Upper Band;
  • The bar opens above Upper Band;
  • The bar opens below Lower Band;
  • The bar opens above Lower Band;
  • The position opens below Upper Band;
  • The position opens above Upper Band;
  • The position opens below Lower Band;
  • The position opens above Lower Band;
  • The bar opens below Upper Band after opening above it;
  • The bar opens above Upper Band after opening below it;
  • The bar opens below Lower Band after opening above it;
  • The bar opens above Lower Band after opening below it;

Logical rules for Closing Point of the Position slot.

  • Exit long at Upper Band;
  • Exit long at Lower Band;

Logical rules for Closing Logic Condition slot.

  • The bar closes below Upper Band;
  • The bar closes above Upper Band;
  • The bar closes below Lower Band;
  • The bar closes above Lower Band;

List box parameters

  • Smoothing method (Simple). The method of smoothing of central Moving Average. Options: Simple, Weighted, Exponential, Smoothed.
  • Base price (Close). The price the central Moving Average is based on. Options: Open, High, Low, Close, Median, Typical, Weighted.

Numeric box parameters

  • MA period (20). The central Moving Average period. Minimum: 1, Maximum: 200.
  • Margin in points (40). Determines the distance between the ME and Upper (Lower) Band. Minimum: 1, Maximum: 2000.

Implementation

C# source code: Steady Bands.

MQL source code: Steady Bands.