Fiji Bollinger Band Alert Indicator for MT5 Download - Free - [TFlab]

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

This tool also displays support and resistance levels, such that the lower red band acts as a support zone and typically prevents further price decline, while the upper green band functions as a resistance zone and blocks further price increase.

Indicator Specifications

The table below includes the details and specifications of the Fiji BB Alert Indicator.

Indicator at a Glance

A buy/sell signal is generated when a fake breakout occurs at one of the channel bands. When a candle closes outside the band 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 an 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 displayed in the image below:

• Bands Period: Set the Bollinger Bands calculation period
• Bands Deviation: Adjust the distance between upper and lower bands
• MA Method: Moving Average calculation method
• MA Applied Price: Type of input price for MA calculation
• MA Shift: Moving Average band shift value
• Bars Back: Number of past candles for calculations
• Alerts ON: Enable alerts
• Sound Alert ON: Enable Sound Alert
• Buy Sound File: Set sound file for buy alerts
• Sell Sound File: Set sound file for sell alerts
• Email Alert ON: Enable email alerts
• Signal Bar: Alert signal based on a specified number of candles
• Lookback: Historical range for calculations

Conclusion

The Fiji BB Alert, MetaTrader 5 Indicator dynamically plots upper and lower bands, precisely displaying price fluctuations.

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