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

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MetaTrader4

MetaTrader5
$4FreeFor a limited time
Fiji Bollinger Band Alert Indicator for MT4 Download - Free - [TFlab]
Fiji Bollinger Band Alert Indicator for MT4 Download - Free - [TFlab] 0
Fiji Bollinger Band Alert Indicator for MT4 Download - Free - [TFlab] 1
Fiji Bollinger Band Alert Indicator for MT4 Download - Free - [TFlab] 2
Fiji Bollinger Band Alert Indicator for MT4 Download - Free - [TFlab] 3
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The Fiji BB Alert Indicator for MetaTrader 4 displays price trend volatility by creating a Dynamic Bollinger BandThis trading tool is one of the MT4 signal and prediction indicators; therefore, it issues entry signals using circular markers.

The indicator's lower band, drawn in red, acts as a support zone, while the green band acts as a resistance zone.

Fiji BB Alert Indicator Specifications

The specifications of the Fiji BB Alert indicator are shown in the table below:

Category

Signal & Prediction - Bands & Channels - Levels

Platform

MetaTrader 4

Skill Level

Beginner

Indicator Type

Reversal - Continuation - Breakout

Timeframe

Multi-Timeframe

Trading Style

Scalping - Intraday

Market

All Markets

Buy Entry Signal

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

Price contact points with the channel ceiling are suitable exit levels in such cases.

Fiji Bollinger Bands Indicator in an Uptrend
Buy Signal from Bollinger Bands Indicator

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 serves as a suitable exit zone for sell trades.

Bollinger Bands Indicator in a Downtrend
Sell Signal from Fiji BB Alert Indicator

Fiji BB Indicator Settings

The image below pertains to the settings panel options of the Fiji BB Alert Indicator:

Fiji Bollinger Band Indicator Settings
Adjustable Settings of the Fiji BB Alert Indicator
  • Bands Period: Calculation period for indicator bands
  • Bands Deviation: Distance between upper and lower bands
  • MA Method: Moving average calculation method
  • MA Applied Price: Type of input price for MA calculation
  • MA Shift: Shift value for the moving average band
  • Bars Back: Number of past candles for calculations
  • Alerts ON: Enable alerts
  • Sound Alert ON: Enable Sound Alert
  • Buy Sound File: Sound file for buy alert
  • Sell Sound File: Sound file for sell alert
  • Email Alert ON: Enable email alert
  • Signal Bar: Alert signals based on a specific number of candles
  • Lookback: Historical range for calculations

Conclusion

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

Based on the functionality of this indicator, price touching the upper band is considered a sell entry signal, while price touching the lower band is regarded as a buy trade signal.

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FAQs

Does this indicator provide exit signals?

The Fiji Bollinger Band Indicator does not visually issue exit signals, but price contact with the opposite band serves as an appropriate exit position.

Is this indicator suitable for lower timeframes?

Yes, this is a multi-timeframe indicator and is applicable across all timeframes.

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