Bollinger Bands uses a lookback length and a multiplier, the usual controls for the middle band and the distance of the upper and lower bands. The length setting changes how many bars enter the calculation, and the multiplier setting changes how far the outer bands sit from the middle. No alerts, fills, or extra filters appear in the provided code. It is an overlay indicator, not a strategy, so it has no entries, exits, or stop loss.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Length
int
20
length
Multiplier
float
2.0
mult
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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