The Bollinger Starc Bands Signals MT4 Forex indicator is a volatility trading tool that takes advantage of impending expansions in the Bollinger Bands.
The indicator is quite simple to interpret; however, traders can add additional validation to this indicator by combining it with other Forex indicators.
Traders can deploy this indicator on lower and higher time frames without exception.
So, use it for scalping, day trading and swing trading!
- Just to get a clearer picture of how the market is fairing, pay more attention to the colored arrows that are printed on the activity chart.
- Generally speaking, the indicator tends to position blue upward pointing arrows below the price bars, and red downward pointing arrows above the candlesticks; an indicator setup that reveals bullish and bearish sentiments respectively.
- The yellow and royal blue envelopes of the indicator either expands or contracts in relation to the price action.
Feel free to explore the Bollinger Starc Bands Signals Forex indicator’s different parameters and settings to create your own personalized indicator setup.
Bollinger Starc Bands Signals Forex Indicator Chart (NZD/USD M5 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 Starc Bands Signals MT4 Indicator
Buy Signal: Go long when the Bollinger Starc Bands Signals MT4 indicator prints a blue upward pointing arrow slightly below the candlesticks.
When the OsMA indicator pops up silver histograms above the zero-horizontal, it is a buy confirmation.
Sell Signal: Go short when the Bollinger Starc Bands Signals MT4 indicator prints a red downward pointing arrow fairly above the candlesticks.
When the OsMA indicator pops up silver histograms below the zero-horizontal, it is a sell confirmation.
Exit buy trade: Close all buy orders if while a bullish trend is running, the Bollinger Starc Bands Signals indicator prints a red downward pointing arrow.
Else, close buy orders when the OsMA indicator pops up a silver histogram below the 0.00 level.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the Bollinger Starc Bands Signals indicator prints a blue upward pointing arrow.
Else, close sell orders when the OsMA indicator pops up a silver histogram above the 0.00 level.
Tips: The Bollinger Starc Bands Signals indicator is a non-lagging indicator that is hugely useful for scalping, swing and day trading purposes.
When used in combination with other technical indicators such as the Moving Average of Oscillator, results become greatly improved.
Download This Forex Indicator Now
BB Period, bb deviations, ma period, atr period, katr, shift, arrow distance.
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.