You can now download Bollinger Band 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 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.
How to download and install an indicator?
In order to install the indicator on your MT5 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into MT5>Indicator folder of the MetaTrader5 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- 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.