Slope Scanner (BB) V1.4 MT4 MT5
The SlopeScanner(BB) V1.4 is a versatile tool that uses Bollinger Bands to measure price volatility and identify potential overbought or oversold conditions. Bollinger Bands consist of three lines plotted on the chart: a middle moving average and two outer bands set a specified number of standard deviations away from the average.
✅ Key Features
| Feature | Description |
|---|---|
| ➤ Multi-Pair Monitoring: | Track multiple currency pairs in a single, consolidated dashboard. |
| ➤ Multi-Timeframe Analysis: | Evaluate trend strength across various timeframes (M1 through MN). |
| ➤ Smart Trend Detection: | Identify turning points based on trend strength. |
| ➤ Real-Time Alerts: | Get Metatrader alerts immediately when trend strength changes. |
| ➤ Color-Coded Visuals: | Easy-to-interpret color signals indicating bullish, bearish, or neutral trends. |
| ➤ Clean & Compact Layout: | Well-organized display that fits neatly on your chart without clutter. |
💡 How It Works
Bollinger Bands provide traders with a clear visual representation of volatility and potential price extremes. By analyzing band expansion, contraction, and price interaction with the bands, traders can anticipate trend strength, breakout opportunities, and possible market reversals.
By monitoring price interactions with the bands, traders can gain multiple insights: movements consistently near the upper or lower band often indicate strong trends, while periods of narrowing bands—known as a “squeeze”—can signal an impending breakout. When price touches the bands, potential pullbacks or reversals may be anticipated, and the distance between the bands provides a clear, visual measure of current market volatility.
⚙️ Input Parameters
🛒 How to Order?
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