Bollinger Bands Forex Indicator for MT5


You can now download Bollinger Bands Forex Indicator for MT5 for free on AtoZ Markets indicators gallery.

The Bollinger Bands is a very popular indicator that can help in finding trading opportunities. Bollinger Bands are helpful to monitor the volatility of the price and spot big price movements.

The Bollinger Bands Forex indicator for MT5 includes 3 elements:

  • A moving average.
  • An upper band representing the sum of the moving average plus the price standard deviation.
  • A lower band where the value is the moving average minus the price standard deviation.

Another interesting feature of the Bollinger Bands Forex Indicator for MT5 is that it can draw Buy and Sell signals in the shape of arrows when the break-out/in happens.

 

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How to download and install an indicator?

In order to install the indicator on your MT5 platform, you need to follow these steps:

  1. Click on “Download Indicator” button located at the bottom of the screen.
  2. Save the file to your computer.
  3. Extract and move the files into MT5>Indicator folder of the MetaTrader 5 software file directory.
  4. Restart your MetaTrader platform.
  5. Navigate to “Indicators.”
  6. And select “Bollinger Band Forex Indicator for MT5” template to apply it on the chart.

Note: This indicator was developed by T. Morris. AtoZ Markets does not carry any copyrights over this trading tool.

Should you trade with Bollinger Bands Forex Indicator on your own at all?

Before you start trading with Bollinger bands forex indicator, you'll want to read this.

Our in-house trading expert Dr Yury Safronau, PhD in Economic Sciences, gives you daily his best forex, metals, and cryptocurrencies to buy and sell signals right now.

His trading strategies which are based on non-linear dynamic models have achieved more than 65 000 pips of profits since 2015. And right now there are some very strong buy and sell signals across several markets you don't want to miss.

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