Band Moving Average (BMA)

Platform: MT4 Last update: June 10, 2021

Band Moving Average is a custom forex technical indicator is similar to Bollinger Bands and Moving Average. Look for buying opportunities when the price touches the lower green band and look for selling opportunities when the price touches the higher blue band.

How to install the Band Moving Average on your Metatrader 4 trading plaftform?

Download the indicator by clicking “LINK” button at the bottom of this post.
Copy and paste the Band Moving Average files into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators.
You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
Restart your Metatrader 4 Client.
Select Chart and Timeframe where you want to test the indicator
Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
Right click on band-moving-average.mq4 and than click “Attach to the chart”.
You can modify settings if you need and than click ok.
The indicator is ready and running on the chart.

In the archives you will find following Metatrader 4 files included: