Super Smooth Bollinger Bands RSI Metatrader 4 Indicator

The Super Smooth Bollinger Bands RSI Forex indicator is composed of Bollinger Bands together with the popular RSI indicator.

The indicator appears in a sub-chart below the main activity chart for better view.

The buy/sell signals from this indicator works for any currency pair, Gold, Indices,…

Key Takeaways

  • A green dotted signal line represents an uptrend.
  • A red dotted signal line represents a downtrend.
  • It’s a complete buy/sell Forex trading system.
  • Deploy for scalping, day trading and swing trading.

Read below how to open buy and sell trades with the Super Smooth Bollinger Bands RSI Forex Metatrader 4 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 “bb-stops-rsi-super-smooth.ex4” Metatrader 4 indicator

Super Smooth Bollinger Bands RSI Indicator Chart

Here’s an example (EUR/USD H4 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 Super Smooth Bollinger Bands RSI Indicator

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

Buy Trigger: Open a buy trade when the Bollinger Bands RSI indicator draws a green dot on the chart.

Place initial stop loss 5 pips below short-term support, or use your own favorite SL method.

Close the buy trade when a red dot appears on the chart. Reverse the open buy trade position now to sell.

Alternatively, close the buy trade for a fixed profit target, for example +20 pips on the M1 scalping chart.

Sell Trigger: Open a sell trade when the Bollinger Bands RSI indicator draws a red dot on the chart.

Place initial stop loss 5 pips above short-term resistance, or use your own favorite SL method.

Close the sell trade when a green dot appears on the chart. Reverse the open sell trade position to buy.

Alternatively, close the sell trade for a fixed profit target, for example +100 pips on the H4 swing chart.

Download This Forex Indicator Now

Download the “bb-stops-rsi-super-smooth.ex4” MT4 indicator

Adjustable Parameters

RSI period, RSI type, RSI price to use, super smoothing period, bands period, bands deviation, color, width, style.

Usage

The indicator can be deployed as a standalone trading system or strategy.

It can also be combined with:

  • Trading oscillators (MACD, Stochastic, DeMarker,…)
  • 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: Bollinger Bands + RSI

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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