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,…
- 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.
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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.
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RSI period, RSI type, RSI price to use, super smoothing period, bands period, bands deviation, color, width, style.
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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.