The BB Flat MT4 Forex indicator is an awesome signals indicator based on Bollinger Bands that works together with an oversold/overbought signal line.
The signals work great in range-bound market conditions, that’s why it’s called “BB Flat”.
The BB Flat MT4 Forex indicator delivers 75% winning Forex signals during range-bound market conditions.
Add this indicator to your inventory and trade with it!
Key Takeaways
- The upper Bollinger Band acts as resistance.
- The lower Bollinger Band acts as support.
- Deploy in range-bound or flat currency markets.
- Low risk trades, small stop loss.
- Very easy to use this indicator, simple rules.
Read below how to open buy and sell trades with the BB Flat MT4 indicator.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “bbflat-indicator.ex4” Metatrader 4 indicator
BB Flat Forex Indicator Chart
Here’s an example (EUR/USD Daily 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 Flat Forex Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade on the condition that the market is range-bound (narrow Bollinger Bands) and the blue signal line turns back above the lower Bollinger Band from below.
Place initial stop loss below short-term support, or use your own favorite SL method.
Close the buy trade when the blue signal line hits the upper Bollinger Band (overbought market condition).
Sell Trigger: Open a sell trade on the condition that the market is range-bound (narrow Bollinger Bands) and the blue signal line turns back below the upper Bollinger Band from above.
Place initial stop loss above short-term resistance, or use your own favorite SL method.
Close the sell trade when the blue signal line hits the lower Bollinger Band (oversold market condition).
Download This Forex Indicator Now
Download the “bbflat-indicator.ex4” MT4 indicator
Adjustable Parameters
Period, shift, method, price, deviation, color, width, style.
Usage
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: range trading
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
