2 Moving Averages and Bollinger Bands - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

"2 Moving Averages and Bollinger Bands" is a custom MT5 indicator that combines two configurable moving averages and optional Bollinger Bands. When a crossover occurs, it generates live buy and sell arrows with optional alerts, sounds, and email notifications. Available for all time frames and trading symbols.

📌Main features:

✅ Two configurable moving averages (fast/slow):

Customizable periods, methods (SMA, EMA, SMMA, LWMA) and applied prices

✅Buy and sell arrows are based on crossover logic:

A buy signal occurs when the fast MA crosses the slow MA

A sell signal occurs when the fast MA crosses below the slow MA

✅ Optional alert system :

Audible alert (alert.wav)

Email notification

✅ Integrated Bollinger Bands :

Display upper, middle and lower bands

Fully customizable: cycle times, deviations, application prices, styles and shifts

✅ Works with any symbol and time frame

✅ Clean, non-redraw logic based on closed candles

✅ Suitable for scalping, swing or trend following strategies

This indicator helps traders identify potential trend reversals and entry points based on moving average crossovers while visually monitoring volatility and price channels using Bollinger Bands. It can be used as a standalone tool or combined with additional filters such as RSI or CCI for more advanced setups.

⚙️Input settings overview:

MA1 settings (fast MA): period, method, price

MA2 settings (slow MA): period, method, price

Bollinger Bands Settings: Period, Bias, Movement, Style, Width, Price

Alerts: Enable/disable chart, sound or email alerts

⚠️Disclaimer:

This indicator does not guarantee profitable trading. Combine this with proper risk management and strategy testing. The developer is not responsible for any financial losses.

Attachment download

📎 2_averages_with_bollingerbands.mq5 (7.32 KB)

Source: MQL5 #61517