Fiji Bollinger Band Alert Indicator for MT4 Download - Free - [TFlab]

The Fiji BB Alert Indicator for MetaTrader 4 displays price trend volatility by creating a dynamic Bollinger Bands . This trading tool is one of the MT4 signals and prediction indicators ; therefore, it emits entry signals using circular markers.

The tool also displays support and resistance levels . The indicator's lower band is drawn in red and acts as a support zone , while the green band functions as a resistance zone .

Fiji BB Alert Indicator Specifications

Specifications Fiji BB Alert indicators are shown in the table below.

Indicator overview

Entry signals occur when a fake breakout occurs in one of the channel bands.

When a candle closes the band outside and the next candle returns inside the channel, the indicator issues an entry alert using a small circle .

Buy Entry Signal

According to the XAU/USD chart analysis on the 4-hour timeframe , this indicator identifies Fake Breakout points using blue circles as buy entry signals .

Price contact point channel ceiling are suitable exit levels in such cases.

Sell ​​Entry Signal

In a downtrend , the Fiji BB Indicator marks fake breakouts at the channel ceiling using red markers as sell entry signals .

The lower dynamic level of the channel is a suitable exit zone for sell trades.

Fiji BB indicator settings

The image below belongs to the Settings Panel Options Fiji BB Alert Indicator :

• Bands Period: Calculation period of indicator bands
• Bands Deviation: The distance between the upper band and the lower band
• MA Method: Moving average calculation method
• MA Applied Price: Input price type for MA calculation
• MA Shift: moving value of the moving average band
• Bars Back: number of past candles used for calculation
• Alerts ON: Enable alerts
• Sound Alert ON: Enable Sound Alert
• Buy Sound File: Purchase reminder sound file
• Sell ​​Sound File: Sell reminder sound file
• Email Alert ON: Enable email alert
• Signal Bar: Alert signal based on a specific number of candles
• Lookback: Calculated historical range

Conclusion

The Fiji BB Alert indicator is one of the MT 4 indicators , which clearly identifies price volatility using two dynamic bands .

Based on this trading tool function, when the price hits the upper limit, it is considered a sell entry signal , while when the price hits the lower limit, it is regarded as a buy trade signal .