Original author:
Nick A. Zhilin
An alternative to Bollinger Bands® with the color filling inside the channel, drawn as a cloud, with the display of the last values as price labels and the possibility to round the channel levels up to a required number of digits.
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//| INDICATOR INPUT PARAMETERS |
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input string SirName="Float_Pivot_Digit"; //The first part of the name of graphical objects
input int IPeriod=100; //Extremum search period
input ENUM_APPLIED_PRICE_ IPC=PRICE_MEDIAN_; //Price constant
input int Shift=0; //Horizontal indicator shift in bars
input uint Digit=2; //Number of digits to round to
input bool ShowPrice=true; //Show price labels
input color Upper_color=clrTeal; //The color of the upper price label
input color Middle_color=clrBlue; //The color of the middle price label
input color Lower_color=clrMagenta; //The color of the lower price label
The number of digits to round is set in the input variable Digit:
Originally this indicator has been written in MQL4 and was first published in the Code Base on 08.02.2008.
Fig.1. The Float_Pivot_Digit indicator