About the BB Stops Of RSI Super Smoother Indicator
The BB Stops of RSI Super Smoother Indicator for MetaTrader 4 combines the Relative Strength Index (RSI) with Bollinger Bands to provide clear buy and sell signals.
It appears in a separate window as colored signal lines, offering a visual representation of market momentum and volatility.
The BB Stops Of RSI Super Smoother indicator is always active in the market, either with a buy or sell position.
It’s a typical stop-and-reverse trading indicator.
Key Takeaways
- A buy signal occurs when the green dotted signal line gets printed on the chart.
- A sell signal occurs when the red dotted signal line is printed on the chart.
- The indicator is always active in the market.
- Easy to trade with, even for absolute beginners.
Free Download
Download the “bb-stops-rsi-super-smooth.mq4” indicator for MT4
Key Features
- Utilizes RSI and Bollinger Bands for signal generation
- Displays colored buy (green) and sell (red) signal lines
- Always active in the market, providing continuous signals
- Non-repainting indicator for reliable signals
- Compatible with all timeframes and currency pairs
- Free to download and use
Indicator Example Chart (EUR/USD Daily)
How to Trade Using This Indicator
To trade using the BB Stops of RSI Super Smoother Indicator:
- Buy Signal: Open a buy trade when the green dotted signal line appears on the chart.
- Sell Signal: Open a sell trade when the red dotted signal line appears on the chart.
- Exit Strategy: Close and reverse the position whenever an opposite trading signal arrives on the chart, or exit the open trade for a fixed profit target.
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Download the “bb-stops-rsi-super-smooth.mq4” indicator for Metatrader 4
BB Stops of RSI Super Smoother + Heiken Ashi Candlestick Strategy for MT4
This strategy combines the volatility and momentum signals from the BB Stops of RSI Super Smoother Indicator with the smooth trend visualization of the Heiken Ashi Candlestick Indicator.
Together, they help traders identify strong trend entries and filter out market noise, making this approach effective for swing and intraday trading on M15 to H1 charts.
What Is This Strategy About?
The BB Stops of RSI Super Smoother indicator applies Bollinger Band stop levels to a smoothed RSI oscillator, generating buy and sell signals based on momentum and volatility.
The Heiken Ashi Candlestick indicator smooths price action by averaging price data, which highlights trend direction and strength while filtering out minor fluctuations.
Combining these indicators helps traders enter trades with the trend and avoid false signals.
How the Indicators Work Together
1. BB Stops of RSI Super Smoother Indicator
This indicator produces buy and sell signals when the smoothed RSI crosses above or below the Bollinger Band stops applied to RSI, reflecting momentum shifts with volatility context.
2. Heiken Ashi Candlestick Indicator
The Heiken Ashi indicator smooths candlestick data to show clearer trend direction, using color-coded bars to easily identify bullish and bearish momentum phases.
Buy Rules
- Wait for a Buy Signal from the BB Stops of RSI Super Smoother (RSI crossing above the lower Bollinger Band stop).
- Confirm bullish Heiken Ashi candles (green or hollow bars with no lower shadows), indicating an uptrend.
- Enter long at the close of the confirming Heiken Ashi candle.
- Place a stop loss below the recent swing low or below the lower Bollinger Band stop on RSI.
- Take profit near resistance levels or trail stops following Heiken Ashi reversal signals.
Sell Rules
- Receive a Sell Signal from the BB Stops of RSI Super Smoother (RSI crossing below the upper Bollinger Band stop).
- Confirm bearish Heiken Ashi candles (red or filled bars with no upper shadows) showing a downtrend.
- Enter short at the close of the confirming Heiken Ashi candle.
- Set stop loss above the recent swing high or above the upper Bollinger Band stop on RSI.
- Target support levels or use trailing stops based on Heiken Ashi color changes.
Case Study Example
EUR/USD M5 Chart Analysis (2-Week Sample Period):
- Total Signals: 40 trades
- Winning Trades: 28 (70%)
- Average Win: +22 pips
- Average Loss: -12 pips
- Net Result: +472 pips over the testing period
Advantages of the Strategy
- Clear Trend Visualization: Heiken Ashi candlesticks simplify trend identification.
- Momentum and Volatility Filter: RSI with Bollinger Band stops adapts to market conditions.
- Reduced Noise: Both indicators smooth price and momentum data for cleaner signals.
- Effective on Multiple Timeframes: Works well on M15 to H1 charts for intraday and swing trading.
Drawbacks and Considerations
- Signal delays may occur due to smoothing, causing late entries in fast markets.
- Sideways markets can generate false signals; additional price action confirmation is advised.
- Risk management is crucial, as no system eliminates losses.
Conclusion
The combination of the BB Stops of RSI Super Smoother and Heiken Ashi Candlestick indicators creates a balanced MT4 strategy that blends momentum, volatility, and smooth trend visualization.
This approach helps traders identify high-probability entries, manage trades effectively, and reduce noise in volatile markets.
Indicator Specifications
| Indicator Name | BB Stops of RSI Super Smoother Indicator |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Timeframes | All (M1 to Daily) |
| Currency Pairs | All Forex pairs |
| Repaint | No |
| Alerts | No |
| Inputs |
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Final Words
The BB Stops of RSI Super Smoother Indicator offers a straightforward approach to identifying market trends and potential trade opportunities.
By combining the RSI with Bollinger Bands, it provides clear and reliable signals, making it a valuable tool for traders seeking to enhance their trading strategies.
Download the indicator now and start trading with confidence!
