Bollinger Squeeze With Demarker Metatrader 4 Forex Indicator
The Bollinger Squeeze with Demarker Metatrader 4 indicator is a chart window indicator type, meaning it’s displayed on a separate window on the MT4 platform.
The indicator is a Bollinger bands type, designed to resemble an oscillator.
Notice how when price is quiet, the indicator represents it with blue histograms, while a surge in volatility to the upside/downside is depicted using the green/red histograms respectively.
The Bollinger Squeeze with Demarker indicator is known to gauge volatility, as such it is able to automatically adjust to altering market conditions.
- In order to read its signals, the indicator uses three color schemes on its histograms that are on display within the indicator’s window.
- Primarily, the colors of the histograms are red, green and blue.
- A quiet market session is represented by blue histograms and is readying price for an eventual breakout.
- Green histograms positioned above the zero level typifies a bullish market, while red histogram signifies bearish market sentiment.
Feel free to explore the Bollinger Squeeze with Demarker Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Bollinger Squeeze With Demarker Forex Indicator Chart (EUR/JPY M15 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Bollinger Squeeze With Demarker MT4 Indicator
Buy Signal: Go long when the Bollinger Squeeze Advanced MT4 indicator histograms have turned green above the zero-horizontal level.
Wait for price bars to open & close above the 40 SMA indicator to confirm a bullish trend.
Sell Signal: Go short when the Bollinger Squeeze Advanced MT4 indicator histograms have turned red below the zero-horizontal level.
Wait for price bars to open & close below the 40 SMA indicator to confirm a bearish trend.
Exit buy trade: Close all buy orders if while a bullish trend is running, the Bollinger Squeeze Advanced indicator histograms turns red, while price also open and closes below the 40 SMA indicator.
Exit sell trade: Close all sell orders if while a bearish trend is running, the Bollinger Squeeze Advanced indicator histograms turns green, while price also open and closes above the 40 SMA indicator.
Tips: The Bollinger Squeeze with Demarker indicator can be deployed as a standalone technical tool.
However, for better entry and exit prediction, mix it up with additional trading indicators.
Hence the reason why we added the 40 SMA indicator to its buy/sell trade setup rules.
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Trigger Type, stoch period trigger 1, cci period trigger 2, rsi period trigger 3, macd fast ema trigger 4, macd slow ema trigger 4, macd_macd ema trigger 4, momentum period trigger 5, Williams pr trigger 6, adx trigger 7, demarker trigger 8.
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.