DPO BB MTF Forex Indicator (MT4)

The free DPO BB MTF indicator for mt4 (Metatrader 4) is based around Bollinger Bands and the DPO technical oscillator.

MTF stands for multi time frame.

The indicator appears as a BB channel with yellow signal line in a separate MT4 chart window.

Open a buy trade whenever the BB channel is positioned above the 0.00 level and the yellow signal line touches the lower blue channel line.
Open a sell trade whenever the BB channel is positioned below the 0.00 level and the yellow signal line touches the upper blue channel line.

The DPO BB MTF indicator can be used for both trade entry and exit or as an additional trade confirmation filter for other strategies and systems.

It works very well for scalpers and day traders.

The indicator works equally well on all Forex pairs and shows promising results if used correctly.

Free Download

The example chart below displays the DPO BB MTF mt4 indicator in action on the trading chart.

Tips:

Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the DPO BB MTF 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: Trend

Does the indicator repaint? No.