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Bollinger Bands (BB) is a three-curve indicator which includes a Simple Moving Average plus two deviated curves from it. The deviation is equal to two standard deviations from the simple moving average by default. BB is a powerful tool to build dynamic resistance and support levels around the current price. Although Bolligner Bands are great I believe there need to be done a bit more to enhance them. I have therefore developed a new indicator that resembels BB but includes some tools to better reflect volatility. I call the new indicator "Enhanced Bands"*.

What is the "Enhanced Bands" Indicator?

Watch the following video for more information about this EA. Click here to see the video in full size.

Download EnhancedBands [download]

Click here to download the custom indicator. This is the compiled version of the indicator which can be used both on demo and live accounts. The source code is only available to my paid students. If you would like to register to my online MQL course and have access to the source code of this indicator and many other EAs, Indicators, and Scripts click here.

If you are not familiar with using custom indicators click here.

Important Note: This indicator is not a fully automated trading system. I have designed it to help you with your existing trading strategy. Do not consider it as a trading system. It is just a tool to make your trading experience more comfortable. I strongly suggest finding a trading strategy that could benefit from this indicator. Also I do not take responsibility of the results you may get by using this indicator or any other tools published on ForexBrace.com. Neither this website nor I offer financial advice. I am also not responsible for any malfunctions of the programs offered on this website. Risk Warning!

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*I cannot be held responsible for the malfunction of this indicator. User discretion is advised.