Description

In the standard Bollinger Bands indicator, the middle line is a Simple Moving Average and you can choose the same color, width and style for all three bands.

This indicator is an extended version of Bollinger Bands, where you can use four different methods to calculate the middle band: Simple, Exponential, Smoothed or Linear Weighted.

Also you can change color, width and style for each band.

Parameters

• Bands Period: Averaging period to calculate the main line.
• Bands Shift: The indicator shift relative to the chart.
• Bands Deviations: Number of standard deviations from the main line.
• Method: Moving Average (or Middle Line) method. It can be any of ENUM_MA_METHOD enumeration values (Simple, Exponential, Smoothed or Linear Weighted).