Advanced Bollinger Bands Forex Indicator

An advanced Bollinger Bands indicator for Metatrader 4. The indicator draws the buy and sell zone. 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 the advanced bollinger band mt4.ex4 indicator.

Configurable Indicator Options

BandsPeriod, BandsShift, BandsDeviations, colors,…

EUR/USD 1H Chart Example


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