3 Levels Up Bollinger bands Metatrader 4 Indicator
The 3 levels Up Bollinger Bands MT4 indicator displays the Bollinger Bands for the 3 upper time frames on the open chart.
For instance, when loaded onto the M5 chart, it will show the Bollinger Bands for the M15, M30 and H1 chart.
This will give you a great overview of the global Bollinger Bands trend and market volatility across multiple time frames.
Buying and selling pairs with the 3 levels Up Bollinger Bands MT4 indicator is simple and profitable.
- Wide Bollinger Bands indicate high market volatility.
- Narrow Bollinger Bands indicate low market volatility.
- Used in all financial markets (Forex, Stocks, Futures,..)
Read below how to open buy and sell trades with the 3 levels Bollinger Bands Forex Metatrader 4 indicator.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
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3 Levels Up Bollinger bands Indicator Chart
Here’s an example (EUR/USD H4 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The 3 Levels Up Bollinger bands Forex MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the currency pair when all Bollinger Bands are sloping up across all time frames. The uptrend is now very strong.
Place initial stop loss below major support, or use your own favorite SL method.
Close the buy trade for a reward/risk ratio of 3.0 or higher, or use your own take profit strategy.
Sell Trigger: Sell the currency pair when all Bollinger Bands are sloping down across all time frames. The downtrend is now very strong.
Place initial stop loss above major resistance, or use your own favorite SL method.
Close the sell trade for a reward/risk ratio of 3.0 or higher, or use your own take profit strategy.
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Bands period for n1 to n3, bands deviation for n1 to n3, MA shift, price MA, color, width, style.
The indicator can be deployed as a standalone trading system or strategy.
It can also be combined with:
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Bollinger Bands
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.