Introduction to the Bollinger Toucher AA Indicator
The Bollinger Toucher AA Indicator shows arrows when the price touches the upper/lower Bollinger Band.
This is a very handy tool for forex traders using a range trading strategies. During a sideways market, the price tends to move from one band to the other.
That indicator is displayed directly on the main trading chart.
It fits all kinds of timeframes and currency pairs.
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.
How to set up the Bollinger Toucher AA indicator in MT4?
Copy and paste the bollinger-toucher-aa-indicator.ex4 or bollinger-toucher-aa-indicator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Bollinger Toucher AA indicator is well worth adding to your trading collection but 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 provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Bollinger Toucher AA Indicator Free Download
To download the Bollinger Toucher AA Indicator for Metatrader 4 (MT4) for free just click the button below: