BB MA C D Functions
Info
The BB MA C D Functions is a Library for MetaTrader 4 that in this library, you'll find two functions: ibandsfunc and imacdfunc. These functions enhance the calculation capabilities of their respective indicators, making them suitable for expert advisors.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Libraries folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use BB MA C D Functions
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
In this library, you'll find two functions: ibandsfunc and imacdfunc.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Library works on MetaTrader 4. Place the file in the MQL4/Libraries folder and restart the terminal.
Description & Settings
Related: Custom Functions: iacfunc, iaofunc, and ibearsbullsfuncs - another powerful library for MetaTrader 4 traders.
In this library, you'll find two functions: ibandsfunc and imacdfunc. These functions enhance the calculation capabilities of their respective indicators, making them suitable for expert advisors.Also recommended: library of functions for working with in i-files - similar library with strong performance on MetaTrader 4.
The ibandsfunc function allows for more flexibility in deviation values and moving average types compared to the standard Bollinger Bands (BB) function. While the standard BB function uses integer deviation values and simple moving averages (SMAs), ibandsfunc accepts double deviation values and various moving average types.
The imacdfunc function provides similar flexibility for the Moving Average Convergence Divergence (MACD) indicator. The standard MACD function calculates the MACD line using the exponential moving average (EMA) and the signal line using the SMA. With imacdfunc, you can choose different moving average types for both the MACD line and the signal line.
Examples of using these functions are provided in the accompanying file.
You may also like: zz standard functions tf yr1 lib - excellent alternative for library users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property library
double ibandsfunc(string sy,int tf,int bbper,double bbdev,int bbshift,int applied_price,int mode_ind,int ma_mode,int shift)
{
double ml, sum=0.0, a; int coef;
if (sy=="" || sy=="0") sy=symbol();
ml=ima(sy,tf,bbper,bbshift,ma_mode,applied_price,shift);
for (int i=shift; i<=bbper-1+shift; i++)
{ switch(applied_price) .......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.