Are you looking to enhance your trading strategy? The iBBFill indicator for MetaTrader 5 is a fantastic tool that plots the Bollinger Bands® filled with vibrant colors based on the trend direction.
Here’s how it works: when the price crosses the upper band, it signals an upward trend, and the Bollinger Bands fill with a calming blue hue. Conversely, if the price dips below the lower band, it indicates a downward trend, and the Bands are filled with a striking pink color. If the price hovers around the middle line, we consider it a flat market, and the Bands take on a neutral grey shade.
Input Parameters:
- BBPeriod - This sets the period for the Bollinger Bands;
- BBDeviation - Adjust the width of the Bands using deviations;
- BBPrice - Choose the price type for the Bands calculation.
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