Fiji BB Alert Indicator (MT4) - Free Download - Best Forex Indicators

Introduction to the Fiji BB Alert Indicator

The Fiji BB Alert Indicator is a custom forex indicator based on famous Bollinger Bands, but it has an additional feature. Namely, the Fiji BB displays dots or circles at the touch of the band. That formula is very useful during sideways markets, but not so much during strong trends. Therefore, you will get the best results when the market is ranging. The indicator is suitable for both beginners and more advanced forex traders.

The Fiji BB 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.

Example charts

Check charts of the Fiji BB Alert Indicator in action.

Settings

These are available settings.

How to set up the Fiji BB Alert indicator in MT4?

Installation Guide

Download the Fiji BB Alert.rar archive at the bottom of this post, unpack it, then copy and paste the Fiji BB Alert.ex4 or Fiji BB Alert.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.

Bottom Line

The Fiji BB Alert 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 provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.