The Waddah Attar ADX + Bollinger Bands indicator for MT4 identifies the best buy & sell trends with the help of ADX and Bollinger Bands.
The indicator shows up in a bottom window as green and red colored histogram bars.
The indicator is reliable, non-repaint and won’t slow down your computer.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Finds the best buy/sell trends
- Beginner friendly indicator
- Can be combined with other tools
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a simple trend confirmation technical tool.
Free Download
Download the “Waddah_Attar_ADXxBollinger.mq4” MT4 indicator
Indicator Example Chart
The EUR/USD 4-hour chart below shows the Waddah Attar ADX + Bollinger Bands Forex indicator in action.
Basic Trading Signals
Signals from the Waddah Attar ADX + Bollinger Bands indicator for Metatrader 4 are easy to interpret and goes as follows:
BUY:
- A buy signal is given when the first green Waddah trend bar appears on the chart.
- Place your stop loss below previous support low.
- Use your own preferred take profit method for buy trades.
SELL:
- A sell signal is give when the first red Waddah trend bar appears on the chart.
- Place your stop loss above previous resistance high.
- Use your own preferred take profit strategy for sell trades.
Download This Forex Indicator
Download the “Waddah_Attar_ADXxBollinger.mq4” MT4 indicator
Adjustable Parameters & Settings
ADX period, bands period
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: trend
How to install the Waddah Attar ADX + Bollinger Bands indicator in Metatrader 4?
- Copy and paste the Waddah_Attar_ADXxBollinger.mq4 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?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button