Introduction to the Bollinger Bands Cross Alert Indicator
The Bollinger Bands Cross Alert Indicator offers an alert when the price is out of the Bollinger Bands range, indicating a possible price direction change. The indicator was originally created by Issam Kassas (DFXG – Dubai Forex Group).
The Bollinger Bands Cross Alert 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.
Check charts of the Bollinger Bands Cross Alert Indicator in action.
These are available settings.
How to set up the Bollinger Bands Cross Alert indicator in MetaTrader (MT5)?
Download the Bollinger Bands Cross Alert.rar archive at the bottom of this post, unpack it, then copy and paste the Bollinger Bands Cross Alert.ex5 or Bollinger Bands Cross Alert.mq5 indicator files into the MQL5 folder of the Metatrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
Summary Of That Forex Indicator
The Bollinger Bands Cross Alert indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex indicators to try.
Download Free Forex MT5 Bollinger Bands Cross Alert Indicator
To download the Bollinger Bands Cross Alert Indicator for Metatrader 5 (MT5) for free just click the button below: