Bollinger Bands with Alert Indicator for MetaTrader 5

Bollinger Bands with Alert add notifications to the popular volatility indicator by John Bollinger in MetaTrader 5. The bands expand and contract according to market volatility and wrap around price, serving as a reference for ranges and breakouts.

How to use it

You receive an alert when price breaks outside the bands or when it moves back inside them. It is useful for both breakout and mean reversion strategies, and the alerts let you react without watching the chart.

Main parameters

• Candle to analyze: current or previous, and a filter for repeated crosses.
• Number of candles to analyze.
• Alerts by screen, email and mobile.

File contents: package ready to install in MetaTrader 5.

View the original indicator documentation on EarnForex (Apache-2.0 license)