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Advanced Bollinger Bands Forex Indicator

    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.

    Trading Signals

    Buy signal: Look to buy above the middle BB band (buy zone).

    Sell signal: Look to sell below the middle BB band (sell zone).

    Indicator Preferences

    Currency pairs: any

    Preferred Time frames: any

    Sessions: any

    Download

    Download the advanced bollinger band mt4.ex4 indicator.

    Configurable Indicator Options

    BandsPeriod, BandsShift, BandsDeviations, colors,…

    EUR/USD 1H Chart Example

    advanced-forex-bollinger-band-indicator

    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.