Fiji Bollinger Bands Alert Indicator MT5 Download - Free - [TFlab] | Forex Indicators Download - MetaTrader 5 Resources

The Fiji BB Alert Indicator for MetaTrader 5 effectively displays price trend changes by drawing dynamic Bollinger Bands. This indicator provides entry signals via visual markers.

The tool also displays support and resistance levels , such that the lower red band acts as a support zone that usually prevents the price from falling further, while the upper green band acts as a resistance zone and prevents the price from rising further.

Indicator specifications

The following table contains details and specifications of the Fiji BB Alert indicator.

Indicators at a glance

A buy/sell signal occurs when a fake breakout occurs in one of the channel bands. When a candle closes the band on the outside and the following candle returns inside the channel, the indicator provides an entry alert with a small circle.

Buy Signal

In a 30-minute Bitcoin (BTC) chart analysis , this Indicator marks fake breakouts with blue circles as buy entry signals .

Additionally, the price touches the upper channel level, which serves as the ideal exit point .

Sell ​​Signal

In a downtrend , the Fiji Bollinger Bands indicator marks fake breakouts at upper channel levels with red indicators , signaling a sell entry .

In this case, the lower dynamic channel is the best exit level for sell trades .

Fiji Bollinger Bands Indicator Settings

The Fiji BB alert indicator settings panel is shown in the figure below:

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

Conclusion

The Fiji BB Alert, MetaTrader 5 indicator dynamically plots upper and lower bands , accurately displaying price movements.

This trading tool marks price hitting the upper band as sell signals and hitting lower bands as buy signals , using visual markers to highlight them.