The advanced Bollinger Bands indicator for Metatrader 4 draws the BB buy and sell trading zone on the main chart.
- The buy zone appears above the middle Bollinger Band.
- The sell zone appears below the middle Bollinger Band.
The default BB values are 20,2,0. It also calculates the total BB range (Upper BB – Lower BB) and distance between the bands and the current price.
Buy signal: Look to buy above the middle BB band (buy zone).
Sell signal: Look to sell below the middle BB band (sell zone).
Currency pairs: any
Preferred Time frames: any
Configurable Indicator Options
BandsPeriod, BandsShift, BandsDeviations, colors,…
How to install the Advanced Bollinger Bands custom indicator in Metatrader 4?
- Download the advanced bollinger band mt4.ex4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.