Super Signal Bands Metatrader 4 Forex Indicator

The Super Signal Bands MT4 indicator is a very popular stop and reverse signal generator forex trading indicator.

Using the indicator is utterly simple for any trader:

Look to buy when the Super Signal Bands MT4 indicator draws a green signal line below price. This is a bullish trend signal.

Look to sell when the Super Signal Bands MT4 indicator draws an orange signal line above price. This is a bearish trend signal.

Feel free to experiment with the indicator’s standard settings. They can be changed directly from the indicator’s inputs tab.

Free Download

Download the bbands-stop-indicator.mq4” MT4 indicator

Example Chart

The EUR/USD 4-Hour chart below displays the Super Signal Bands Metatrader 4 Forex indicator in action.

Basic Trading Signals

Signals from the Super Signal Bands MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Initiate new buy trade position when the signal line changes color from orange to green. Place a stop-loss below the green signal line and trail it up just below the green line.

Sell Signal: Initiate new sell trade position when the signal line changes color from green to orange. Place a stop-loss above the red signal line and trail it down just above the orange line.

Trade Exit: Use your own method of trade exit.

Download

Download the bbands-stop-indicator.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (Length, Deviation, X, Money risk, Signal, Line, Nbars) Colors, width & Style.

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

Type: Trend

Installation

Copy and paste the bbands-stop-indicator.mq4 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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