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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.