The Bollinger Squeeze V9 Scalper indicator for Metatrader 5 is a valuable tool that delivers precise buy and sell signals to scalpers and day traders.
It’s composed of a variety of technical indicators, including Bollinger Bands, RSI, CCI, Stochastic, and MACD.
The indicator is loaded onto a dedicated chart window as colored histogram bars that appear above and below the 0 level.
Here’s how to identify bullish and bearish market sentiments:
- Histogram bars above 0 are bullish, signaling a potential buy trade entry.
- Histogram bars below 0 are bearish, signaling a potential sell trade entry.
The indicator allows customization of the following settings and parameters: trigger type, stochastic trigger, CCI trigger, RSI period trigger, MACD trigger, momentum trigger, colors, and more.
Familiarize yourself with this technical indicator and test it first on a demo account for an extended period.
Keep in mind that its overall performance will vary depending on market conditions, so remember to have realistic expectations
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bollinger-squeeze-v9.mq5 Indicator (MT5)
Chart Example EURUSD M5
The following image shows how the Bollinger Squeeze V9 Scalper indicator looks when applied to the MT5 chart.
How To Buy And Sell With The Bollinger Squeeze V9 Scalper Indicator?
Find a simple trading example below:
Buy Signal
- Buy market condition: the overall market trend should be upward.
- A buy signal is generated when a green-colored bar above 0 is displayed on the chart.
- Exit the buy trade to secure a profit of 8-20 pips.
- Alternatively, await a sell signal to close the buy position.
Sell Signal
- Sell market condition: the overall market trend should be downward.
- A sell signal is generated when a red-colored bar below 0 is displayed on the chart.
- Exit the sell trade to secure a profit of 8-20 pips.
- Alternatively, await a buy signal to close the sell position.
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bollinger-squeeze-v9.mq5 Indicator (MT5)
Bollinger Squeeze + Strong Buy/Sell Signal Scalping MT5 Strategy
This powerful scalping strategy combines the breakout accuracy of the Bollinger Squeeze v9 Scalper Indicator with the directional confirmation of the Strong Buy and Strong Sell Forex Indicator.
The goal is to catch explosive short-term moves as price breaks out of tight ranges.
Strategy Approach
The Bollinger Squeeze v9 detects volatility compression and potential breakout zones.
When paired with a Strong Buy or Strong Sell signal, it filters out false moves and increases trade accuracy, especially during market opens.
Buy Trade Setup
- Wait for the Bollinger Squeeze v9 to show a breakout from a squeeze (price expanding outside the bands).
- Confirm that the Strong Buy/Sell Indicator gives a **Strong Buy** signal immediately after or during the breakout.
- Enter a buy trade at the candle close or on a quick pullback to the breakout area.
- Place a tight stop-loss just below the lower band or the recent low.
- Target 10–20 pips, depending on volatility, or exit when the Strong Buy signal disappears.
Sell Trade Setup
- Wait for a Bollinger squeeze breakout to the downside.
- Look for a **Strong Sell** signal from the Strong Buy/Sell Indicator around the same time.
- Open a sell trade once both signals align and the price closes below the lower band.
- Set stop-loss above the breakout candle high or upper band.
- Take profit between 10–20 pips or exit on signal reversal.
Optimal Conditions
- Best timeframes: M1, M5, or M15 for scalping.
- Use during high-volume sessions: London and New York open.
- Filter out sideways markets by avoiding trades during major news releases or after-hours.
By combining volatility breakout with directional confirmation, this strategy helps traders enter with momentum and exit before the move fades.
Test thoroughly and adjust your lot size for short-term trading dynamics.
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 bollinger-squeeze-v9.mq5 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!
