bb stops - hull average
Info
The bb stops - hull average is a Indicator for MetaTrader 5 that basics : bb stops, as it is in original, is based on simple moving average (that is the average that is used in bollinger bands). since then we had a couple of changes in that - in order to adjust the (already useful) indicator a bit more to get a possible better market responseusage : you can use it as any similar stops indicatorthe "big picture" example - since the bollinger bands originates back in days when daily data was used for chart analysis, here is an example of this indicator applied to daily chart, but with "speed" set to 1 (ie: it was slowed down a bit).
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use bb stops - hull average
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
basics : bb stops, as it is in original, is based on simple moving average (that is the average that is used in bollinger bands).
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Hull Moving Average with Color Change - another powerful indicator for MetaTrader 5 traders.
basics :
bb stops, as it is in original, is based on simple moving average (that is the average that is used in bollinger bands). since then we had a couple of changes in that - in order to adjust the (already useful) indicator a bit more to get a possible better market response
Also recommended: AD X Cross Hull Style Indicator - similar indicator with strong performance on MetaTrader 5.
usage :you can use it as any similar stops indicator
the "big picture" example - since the bollinger bands originates back in days when daily data was used for chart analysis, here is an example of this indicator applied to daily chart, but with "speed" set to 1 (ie: it was slowed down a bit). as usual : take some time and do some tests in order to find optimal settings for your trading strategy prior to using it for trading decisions
You may also like: ATR Stops Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.