Bollinger Bands In Separate Window Indicator (MT4)

As the name suggests, the Bollinger Bands In Separate Window opens up in a bottom chart of the Metatrader 4 trading platform.

Moreover, this BB indicator gives you easy to follow buy & sell trading signals.

The indicator keeps the main trading chart clean and enables you to add additional technical indicators to predict trade entries and exits better.

Bollinger Bands is a versatile indicator that can be used in many different ways.

Key Points

Free Download

Indicator Example Chart

The EUR/USD H1 chart below shows the Bollinger Bands In Separate Window indicator in action.

Basic Trading Signals

Signals from the Bollinger Bands In Separate Window indicator for Metatrader 4 are easy to interpret and goes as follows:

BUY:

Open a buy trade position when the red signal line turns back above the 0.5 level.
Place a stop loss 2-5 pips below trading support.
Exit the buy trade near previous resistance.

SELL:

Open a sell trade position when the red signal line turns back below the 0.5 level.
Place a stop loss 2-5 pips above trading resistance.
Exit the sell trade near previous support.

Download This Forex Indicator

Adjustable Parameters & Settings

BB period, deviation, colors, width, style.

Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

More Info About This Indicator

Supported currency pairs: Any

Trading Platform: Metatrader 4 (MT4)

Time Frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: Bollinger Bands

How to install the Bollinger Bands In Separate Window indicator in Metatrader 4?

Copy and paste the bollinger-bands-bb-separate-window.ex4 indicator into the MQL4 indicators folder.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)

How to remove the indicator from the chart?