The Bounce Zone Forex indicator for Metatrader 5 is an advanced trading tool that identifies the best support and resistance bounce zones in any time frame.
The indicator draws the bounce zones in the main price chart as green and red colored rectangles.
- A red colored rectangle represents the resistance bounce zone.
- A green colored rectangle represents the support bounce zone.
How to trade with the indicator?
- A possible buying opportunity arises when the price reaches the green support bounce zone.
- A possible selling opportunity arises when the price reaches the red resistance bounce zone.
The indicator includes several inputs and parameters, such as the number of bars to look back, price levels, and more.
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Bounce Zone MT5.ex5 Indicator (MT5)
Trading Chart
The picture below illustrates how the Bounce Zone indicator looks when applied to the MT5 chart.
How To Buy And Sell Using The Bounce Zone Indicator?
Find a simple trading strategy below:
Buy Signal
- A buy signal is generated when the candle touches the green-colored support bounce zone.
- Open a buy trade and place a stop loss below the previous swing low.
- Close the buy trade when the candle touches the red-colored resistance bounce zone.
Sell Signal
- A sell signal is generated when the candle touches the red-colored resistance bounce zone.
- Open a sell trade and place a stop loss above the previous swing high.
- Close the sell trade when the candle touches the green-colored support bounce zone.
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Bounce Zone MT5.ex5 Indicator (MT5)
Bounce Zone and Bollinger Squeeze MT5 Scalping Strategy
The Bounce Zone Forex Indicator for MT5 identifies key price bounce areas for potential reversals.
Paired with the Bollinger Squeeze V9 Scalper Indicator, this strategy captures consolidation breakouts and bounce trades with enhanced precision.
Recommended Timeframes
Works best on M5 and M15 charts for quick, high-probability scalps.
Strategy Components
- Bounce Zone Indicator: Marks zones where price is likely to reverse or bounce.
- Bollinger Squeeze Scalper: Detects periods of low volatility, ready for breakout moves.
Buy Setup
- Price reaches a Bounce Zone support area.
- Bollinger Squeeze shows a contraction followed by an expansion signal (breakout).
- Enter a buy trade as the price breaks out upward from the squeeze.
- Set stop-loss below the Bounce Zone support.
- Target the next resistance or use a tight trailing stop.
Sell Setup
- Price approaches a Bounce Zone resistance area.
- Bollinger Squeeze signals a breakout with expanding volatility downward.
- Enter a sell trade after confirmation.
- Place a stop-loss above the Bounce Zone resistance.
- Target nearby support or use trailing stops for profit protection.
Why This Strategy Combo Works
The Bollinger Squeeze Scalper helps confirm breakout strength right after bounce signals, improving trade timing and reducing false breakouts.
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Bounce Zone MT5.ex5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
