Q Bands Buy/Sell Forex Metatrader 4 Indicator

The Q Bands Buy/Sell Forex indicator works great for scalping and day trading any pair with great precision.

It’s built on Moving Averages with different price types.

The Q Bands MT4 indicator consists of 3 bands, all colored yellow. It creates a tradable buy/sell channel.

Scalping and day trading with this indicator is a really easy task.

How to interpret this Forex indicator?

  • When the channel is sloping up, the overall trend is considered going up.
  • When the channel is sloping down, the overall trend is considered going down.

Below, you will find trade ideas for scalping with the Q Bands indicator for good daily pips.

It’s a simple technique that works well during the most active trading hours.

Feel free to explore the Q Bands Buy/Sell Forex indicator’s different parameters and settings to create your own personalized indicator setup.

Download This MT4 Forex Indicator Free

Download the “bands-q-indicator.ex4” Metatrader 4 indicator

Q Bands Buy/Sell Forex Indicator Chart

Here’s an example (EUR/USD H1 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 Q Bands Buy/Sell Forex Indicator 

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Open a long trade when price closes above the middle Q Bands indicator band from below.

Place a protective stop loss below the lower support band, or use your own stop loss placement strategy.

Close the Q Bands buy trade at the upper resistance band, or use your own take profit strategy.

Sell Trigger: Open a short trade (see chart) when price closes below the middle Q Bands indicator band from above.

Place a protective stop loss above the upper resistance band, or use your own stop loss placement strategy.

Exit the Q Bands sell trade at the lower support band, or use your own take profit strategy.

Download This Forex Indicator Now

Download the “bands-q-indicator.ex4” MT4 indicator

Adjustable Parameters

Bands period, MA mode, bands shift, bands deviations, price type, color, width, style.

Usage

The indicator can be used as a stand-alone signals indicator.

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: Q Bands

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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