Bollinger Bands ‘In’ Arrow Alert Indicator (MT4 and MT5)

• Version
• Download 1444
• File Size 39.38 KB
• File Count 1
• Create Date September 20, 2019
• Last Updated February 27, 2025

Login is required for indicator downloads. Downloads are free for all basic indicators, simply create a new user account and/or login to an existing user account to download. Zip file contains both MT4 and MT5 versions.

Bollinger Bands 'In' Arrow Alert Indicator (MT4 and MT5)

(Click on image to enlarge)

This indicator will generate an arrow alert whenever the price/candle crosses and closes back 'IN' above the bottom bollinger band or back 'IN' below the top bollinger band. The top band indicates a potential SELL signal and the bottom band indicates a potential BUY signal.

This indicator should only be used with or as part of a reliable, consistent working strategy that requires the use of the Bollinger Bands Indicator.

Notes and recommendations: Works well with ranging markets. Avoid using during 15-20 minutes before and after medium/high impact news and opening hour of major market sessions. Should only be used with a reliable strategy, proper market analysis and added confirmations to suggest high probability win trade. Take caution during NFP (Non-farm payroll) week, try to avoid trading during NFP week.

Arrow Style Types Table: (Go to Arrow Styles Types page for more details and instructions)

Upgrade to Premium Membership: Go to User Account Page