The multi timeframe Bollinger Bands forex indicator for Metatrader 4 gives you the possibility to display multiple Bollinger Bands on the same trading chart.
Just click the checkboxes to activate the bands from the following timeframe’s: 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, 4-hour, 1-day, 1-week and 1-month.
This indicator makes it super easy to find levels of support and resistance with the help of Bollinger bands.
This indicator works for scalping, day trading and swing trading.
The EUR/USD H1 chart below shows the multi timeframe Bollinger Bands forex indicator in action.
Basic Trading Signals
Buy Signal: Enter long at the lower Bollinger Band
Sell Signal: Enter short at the upper Bollinger Band
Exit buy trade: At the upper Bollinger Band (overbought market conditions)
Exit sell trade: At the lower Bollinger Band (oversold market condition)
Tip: You can always use your own preferred method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Bollinger Bands Period, Bollinger Bands Deviations, Bollinger Bands Shift, Line Styles) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Bollinger Bands
Copy and paste the FXTT_MTF_BollingerBands.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)