The RSI vs Bollinger Bands forex MT4 indicator is a buy/sell arrows indicator based on BB and RSI.
The indicator tracks channel breakouts with the help of the RSI indicator and then draws buy and sell signals directly on the chart.
The indicator has a lot of options for customization.
Scalpers, day traders, swing traders and position traders can benefit from this indicator.
Free Download
Download the “RSI_vs_BB.mq4” MT4 indicator
Indicator Chart (GBP/USD H1)
The GBP/USD H1 chart below displays the RSI vs Bollinger Bands forex indicator in action.
Basic Trading Signals
Trading signals from this indicator are simple to interpret and go as follows:
Buy Trade: Open buy trade when the indicator displays a blue arrow
Sell Trade: Open sell trade when the indicator displays a red arrow
Download Now
Download the “RSI_vs_BB.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (RSI Period, RSI Up Level, RSI Down Level, BB Period, BB Deviation, alerts) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Semaphore
