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Waddah Attar ADX + Bollinger Bands Indicator (MT4)

    The Waddah Attar ADX + Bollinger Bands indicator for MT4 identifies the best buy & sell trends with the help of ADX and Bollinger Bands.

    The indicator shows up in a bottom window as green and red colored histogram bars.

    The indicator is reliable, non-repaint and won’t slow down your computer.

    After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.

    Key Points

    • Finds the best buy/sell trends
    • Beginner friendly indicator
    • Can be combined with other tools
    • Well worth adding to your indicator collection

    This indicator can work together with any existing trading strategy or system as a simple trend confirmation technical tool.

    Free Download 

    Download the “Waddah_Attar_ADXxBollinger.mq4” MT4 indicator

    Indicator Example Chart

    The EUR/USD 4-hour chart below shows the Waddah Attar ADX + Bollinger Bands Forex indicator in action.

    Basic Trading Signals

    Signals from the Waddah Attar ADX + Bollinger Bands indicator for Metatrader 4 are easy to interpret and goes as follows:

    BUY:

    • A buy signal is given when the first green Waddah trend bar appears on the chart.
    • Place your stop loss below previous support low.
    • Use your own preferred take profit method for buy trades.

    SELL:

    • A sell signal is give when the first red Waddah trend bar appears on the chart.
    • Place your stop loss above previous resistance high.
    • Use your own preferred take profit strategy for sell trades.

    Download This Forex Indicator

    Download the “Waddah_Attar_ADXxBollinger.mq4” MT4 indicator

    Adjustable Parameters & Settings

    ADX period, bands period

    Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

    More Info About This Indicator

    Currency Pairs: works on any currency pair

    Trading Platform: developed for Metatrader 4 (MT4)

    Time Frames: works on any time frame

    Indicator Type: trend

    How to install the Waddah Attar ADX + Bollinger Bands indicator in Metatrader 4?

    • Copy and paste the Waddah_Attar_ADXxBollinger.mq4 indicator into the MQL4 indicators folder.
    • You can access this folder from the top menu as follows:
    • File > Open Data Folder > MQL4 > Indicators (paste here)

    How to remove the indicator from the chart?

    • Right click in the chart
    • Select indicators list
    • Click on the indicator’s name
    • Click on the delete button
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