The BB Alerts Arrows Forex indicator is based on the popular Bollinger Bands indicator. It’s a buy and sell signals indicator.
The BB Alerts Arrows indicator does all the hard work for you.
It provides you with short-term trading signals based on the position of the Bollinger Bands.
Use its signals for scalping and intraday trading.
It’s recommended to mix the signals with additional technical indicators and/or support and resistance for double trend confirmation.
For best performance, use the BB Alert Arrows indicator during the most volatile trading sessions and deploy on lower spread currency pairs.
- A yellow up pointing arrow represents a buy signal.
- A yellow down pointing arrow represents a sell signal.
- Provides numerous trading signals during the most active trading sessions.
- Easy to trade with.
Feel free to explore the BB Alerts Arrows Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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BB Alerts Arrows Forex Indicator Chart
Here’s an example (EUR/USD M5 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 BB Alert Arrows Forex Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a rapid buy trade when an up pointing arrow appears under the candlestick.
Place your initial stop loss 3 pips below short-term support, or use your own favorite SL method.
Close the buy trade when an opposite sell arrow appears on the chart.
Alternatively, exit the buy trade for a predetermined profit target, for example, +10 pips on the 1-minute scalping chart.
Sell Trigger: Open a rapid sell trade when a down pointing arrow appears above the candlestick.
Place your initial stop loss 3 pips above short-term resistance, or use your own favorite SL method.
Close the sell trade when an opposite buy arrow appears on the chart.
Alternatively, exit the sell trade for a predetermined profit target, for example, +25 pips on the 15-minute day trading chart.
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Signal gap, sound alert, email alert, color, width, style.
The indicator can be deployed as a standalone scalping trading system or strategy.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, DeMarker,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI, Parabolic SAR,…)
- 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: scalping
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.