Low Pass Bollinger Bands Metatrader 4 Forex Signals Indicator

The low pass BB bands MT4 indicator provides buy and sell signals based on a modified version of the popular Bollinger bands technical indicator.

The indicator is composed of 3 Bollinger Bands:

  • The upper red Bollinger Band
  • The middle line
  • The lower green Bollinger Band

The low pass BB indicator paints magenta and aqua colored dots on the activity chart.

  • An aqua colored dot appears when price touches the upper red band.
  • A magenta colored dot appears when price touches the lower green band.

The low pass BB bands MT4 can be useful for both scalpers and intraday traders.

Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.

Free Download

Download the “low-pass-bands-sync-filters-mtf.ex4” MT4 indicator

Example Chart

The GBP/USD 15-Minute chart below displays the Low Pass Signals Bollinger Bands Metatrader 4 forex indicator in action.

Basic Trading Signals

Signals from the Low Pass Signals Bollinger Bands MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Initiate a buy trade when the Low Pass Signals Bollinger Bands paints a magenta dot below the candlestick.

Place a stop loss below support or use your own preferred SL method.

Close the trade at the upper red Bollinger band.

Sell Signal: Initiate a sell trade when the Low Pass Signals Bollinger Bands paints an aqua dot above the candlestick.

Place a stop loss above resistance or use your own preferred SL method.

Close the trade at the lower green Bollinger Band.

Download

Download the “low-pass-bands-sync-filters-mtf.ex4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart window indicator

Customization options: Variable (time frame, filter price, range period, up deviation, down deviation, show arrows, alerts on) Width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly

Type: signal bands

Installation

Copy and paste the low-pass-bands-sync-filters-mtf.ex4 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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