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The Fiji BB Alert Indicator for MetaTrader 4 displays price trend volatility by creating a Dynamic Bollinger Band. This trading tool is one of the MT4 signal and prediction indicators; therefore, it issues entry signals using circular markers.
This MT4 bands & channels indicator 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.
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.
Fiji BB Indicator Settings
The image below pertains to the settings panel options 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 MT4 levels 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.
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.