Formulas:
RSI = Relative Strength Index(Close price, RSI_Length),
MA = MVA(RSI, MA_Length),
Top = MA+Top_Multiplier*ATR,
Central = MA-Bottom_Multiplier*ATR, where
ATR = MVA(TR, ATR_Length),
TR[i] = Abs(RSI[i]-RSI[i-1]),
Abs - Absolute value.
Download:
MT4/MQ4 version
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