Cronex T RSI Bollinger Bands (BB) Metatrader 4 Forex Indicator

The Cronex T RSI Bollinger Bands Metatrader 4 is composed of RSI, Bollinger Bands and a moving average with default period 10.

The indicator oscillates above and below its zero level in a separate chart window below the main activity chart.

The indicator can be used in multiple ways to generate tradable buy and sell signals.

Method 1 (good for scalping, day trading and swing trading)

Trading the orange thick indicator line:

Orange line above the zero level: bullish, look to buy.

Orange line below the zero level, bearish, look to sell.

Method 2 (good for scalping)

Blue histograms above the zero line: look for short-term buy signals.

Red histograms below the zero line: look for short-term sell signals.

Free Download

Download the cronex-t-rsi-bb.mq4” MT4 indicator

Example Chart

The EUR/USD H1 chart below displays the Cronex T RSI Bollinger Bands forex indicator in action.

Basic Trading Signals

See description above on how to trade this indicator (method1 & method2).

Download

Download the cronex-t-rsi-bb.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern

Customization options: Variable (RSIPeriod, TCurvature, MAPeriod, BandsPeriod, BandsDeviations, BandsShift) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Signals | Oscillator

Installation

Copy and paste the cronex-t-rsi-bb.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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