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Sigma Bands Metatrader 4 Forex Indicator

    The Sigma Bands forex Metatrader 4 indicator is an advanced Bollinger Bands indicator with a lot of options to choose from.

    This indicator has the ability to plot Bollinger bands based on the following types of moving average:

    • Simple moving average
    • Exponential moving average
    • Smoothed moving average
    • Linear-weighted moving average

    In up trending markets, the Sigma Bands will point upwards and traders look to open a buy position near the lower support Signam bands.

    Vice versa, in down trading markets, the Sigma Bands will point downwards and traders look to open a sell position near the upper Sigma resistance bands.

    This is a good indicator for all kind of trading styles.

    Free Download

    Download the “Sigma_Bands.mq4” MT4 indicator

    Example Chart

    The AUD/USD H4 chart below displays the Sigma Bands forex indicator in action.

    Basic Trading Signals

    The Sigma Bands indicator can be traded as follows:

    Buy Trade: In an uptrend, look to buy near the lower bands (support)

    Sell Trade: In an downtrend, look to sell near the upper bands (resistance)

    Trade exit: For long trades, look to take profits near the upper Sigma Bands (resistance)

    For short trades, look to take profits near the lower Sigma Bands (support)


    Download the “Sigma_Bands.mq4” Metatrader 4 indicator

    MTIndicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart pattern

    Customization options: Variable (MA Period, Bars for count, Type MA for Bands, Applied price MA, MA color) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: Bollinger Bands


    Copy and paste the Sigma_Bands.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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