Watch the testing video here:
Break Mid BB Indicator
The Break Mid BB Indicator does exactly what its name suggests, it displays buy/sell arrows at the break of the middle line of the Bollinger Bands indicator. These signals however shouldn’t be used as a standalone trading tool, but rather as a supplement to proved strategy based on the Bollinger Bands. It simply helps to visualize potential entry points.
The Break Mid BB Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Break Mid BB indicator in MT4?
Download the Break Mid BB.rar archive at the bottom of this post, unpack it, then copy and paste the Break Mid BB.ex4 or Break Mid BB.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
Share this on: