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Advanced Bollinger Bands Method Forex Indicator

    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 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.