MA RSI BB is a free mt4 (Metatrader 4) indicator that blends MACD, RSI, and Bollinger Bands into one easy-to-trade indicator.
The indicator can be used as a standalone trading tool for both trade entry and exit or as an additional trend filter that works together with an existing strategy of system.
MA RSI BB appears in a separate MT4 chart window and can be traded in multiple ways.
Buy & Sell Trade Example
- A buy trend occurs as soon as the dark blue line crosses above the middle white line.
- A sell trend occurs as soon as the dark blue line crosses below the middle white line.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “MA_RSI_BB.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The picture below shows the MA RSI BB mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the MA RSI BB Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: MACD
Does the indicator repaint? No.
