BBR

//+------------------------------------------------------------------+
//|                                                          BBR.mq4 |
//|          Bollinger Bands Breakout Reversal with RSI confirmation |
//+------------------------------------------------------------------+
#property copyright "Copyright @ 2011, downspin"
#property link      "mg@downspin.de"

#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 Green
#property indicator_color2 Red
#property indicator_color3 DarkSlateGray

extern int corner=0,
           x_dist=3,
           y_dist=10;

double up[],
       down[];

int init(){
   IndicatorBuffers(2);
   SetIndexStyle(0,DRAW_ARROW); SetIndexArrow(0, 233); SetIndexBuffer(0,up);
   SetIndexStyle(1,DRAW_ARROW); SetIndexArrow(1, 234); SetIndexBuffer(1,down);
   return(0);
}
int deinit(){
  ObjectDelete("rsi");
  ObjectDelete("bb");
  return(0);
}
int start(){
  double rsi0,rsi1,rsi2,bbu0,bbu1,bbl0,bbl1;
  color rsicol=indicator_color3,
        bbcol=indicator_color3;
  for(int i=Bars;i>=0;i--){
    rsi0=iRSI(Symbol(),0,7,5,i);
    rsi1=iRSI(Symbol(),0,7,5,i+1);
    rsi2=iRSI(Symbol(),0,7,5,i+2);
    bbu0=iBands(Symbol(),0,20,2,1,0,1,i);
    bbu1=iBands(Symbol(),0,20,2,1,0,1,i+1);
    bbl0=iBands(Symbol(),0,20,2,1,0,2,i);
    bbl1=iBands(Symbol(),0,20,2,1,0,2,i+1);
    if((Low[i+1]<bbl1||Low[i]<bbl0)&&(rsi1<20||rsi2<20)&&rsi0>rsi1){
      up[i]=Low[i]-5*Point;
    }
    if((High[i+1]>bbu1||High[i]>bbu0)&&(rsi1>80||rsi2>80)&&rsi0<rsi1){
      down[i]=High[i]+5*Point;
    }
    if(i==0){
      if(rsi0<20||rsi1<20||rsi2<20||rsi0>80||rsi1>80||rsi2>80) rsicol=Orange;
      if((rsi1<20||rsi2<20)&&rsi0>rsi1) rsicol=Green;
      if((rsi1>80||rsi2>80)&&rsi0<rsi1) rsicol=Red;
      if(High[i]>bbu0||High[i+1]>bbu1) bbcol=Red;
      if(Low[i]<bbl0||Low[i+1]<bbl1) bbcol=Green;
      ObjectCreate("rsi", OBJ_LABEL, 0, 0, 0);
      ObjectSetText("rsi","RSI",8, "Arial Bold", rsicol);
      ObjectSet("rsi", OBJPROP_CORNER, 0);
      ObjectSet("rsi", OBJPROP_XDISTANCE, x_dist);
      ObjectSet("rsi", OBJPROP_YDISTANCE, y_dist);
      ObjectCreate("bb", OBJ_LABEL, 0, 0, 0);
      ObjectSetText("bb","BB",8, "Arial Bold", bbcol);
      ObjectSet("bb", OBJPROP_CORNER, 0);
      ObjectSet("bb", OBJPROP_XDISTANCE, x_dist+23);
      ObjectSet("bb", OBJPROP_YDISTANCE, y_dist);
    }
  }
  return(0);
}