This is an advanced bollinger bands indicator for Metatrader 4 with several moving average methods and applied prices to choose from.
Traders can choose simple, exponential, smoothed and linear weighed moving averages.
Available price methods: close, open, high, low, median, typical and weighted. Feel free to experiment with all indicator input settings.
Trading Signals
Buy signal:
In up trending markets – look to buy near the lower Bollinger band.
Sell signal:
In down trending markets – look to sell near the upper Bollinger band.
Indicator Preferences
Currency pairs: any
Time frames: any
Trading sessions: any
Download
Download the advanced-bollinger_bands.mq4 indicator.
Configurable Indicator Options
Moving average method, applied price, bands period, bands shift, bands deviations,…
EUR/USD H1 Chart Example
How to install the Advanced Bollinger Bands custom indicator in Metatrader 4?
- Download the advanced-bollinger_bands.mq4 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.