The Bollinger Bands indicator is very well known by traders. Is one of the indicators always available in the MetaTrader 4 platform, however, there is an issue. MetaTrader 4/5 doesn't have any function to alert the trader about a breakout. This is why we created the Bollinger Bands Breakout Alert Indicator for MT4/MT5.
Many traders rely on the Bollinger Bands as a tool to confirm entry and exit signals. Also Many strategies are based on Bollinger Bands breakouts, bounces and so on.
The problem with MetaTrader is that it doesn't have a system to alert the trader when a breakout of the Bollinger Bands happens.
To fill this gap I created the Bollinger Bands Breakout Alert Indicator for MT4 (and MT5). This indicator is like a plain Bollinger Bands indicator but including a notification system. You can be alerted via alert on screen, email, and mobile app if there is a breakout of the Bollinger Bands.
The Bollinger Bands Alert Indicator can notify you in case of a price break out or when the price returns in the bands after a breakout.
The Bollinger Bands Breakout Alert Indicator for MT4/MT5 has very few parameters so that it can be useful as well as easy to use.
The only parameters to set are the basic settings for the Bollinger Bands and how you would like to be notified. The notification happens only once per candle in case the breakout happens.
You can download MT4 Bollinger Bands Alert Indicator for free and receive notifications via email, app, and on-screen when the price breaks out of the Bollinger Bands or returns inside.
The Bollinger Bands is a very popular indicator that can help in finding trading opportunities.
Bollinger Bands are helpful to monitor the volatility of the price and spot big price movements.
The Bollinger Bands indicator includes 3 elements:
The MetaTrader 4 platform includes the Bollinger Bands between its indicators, however this comes without any notification feature.
In many cases it is useful to get a notification when the price breaks out of the Bollinger Bands or when it returns in, these situations mean there could be a trading opportunity.
You can benefit from this alert in both trend following and trend reversal strategies.
To repair to this missing feature, you can download MT4 Bollinger Bands Alert Indicator here.
This indicator allows you to receive alerts when a possible trading signal triggers. You can receive notifications via:
Another interesting feature of the MT4 Bollinger Bands Alert Indicator is that it can draw Buy and Sell signals in the shape of arrows when a break-out actually happens.
➥ Download MQLTA MT4 Bollinger Bands with Alert
If you are interested in seeing the source code of the indicator and to see what I use to build my indicators please check out my MT4 Alert Indicator Template.
To install the MT4 Bollinger Bands Alert indicator please follow the instructions below:
For more detailed instruction on how to perform the installation please visit this article.
You can download MT5 Bollinger Bands Alert Indicator for free and receive notifications via email, push-notifications, and on trading screen when the price breaks out of the Bollinger Bands or returns inside.
Bollinger Bands are helpful to monitor the volatility of the price and spot big price movements.
The MetaTrader 5 platform includes the Bollinger Bands between its indicators, however this comes without any notification feature.
In many cases it is useful to get a notification when the price breaks out of the Bollinger Bands or when it returns in, these situations mean there could be a trading opportunity.
You can benefit from this alert in both trend following and trend reversal strategies.
To fix to this missing feature, you can download MT5 Bollinger Bands Alert Indicator here.
This indicator allows you to receive alerts when a possible trading signal triggers. You can receive notifications via:
Another interesting feature of the MT5 Bollinger Bands Alert Indicator is that it can draw Buy and Sell signals in the shape of arrows when a break-out actually happens.
➥ Download MQLTA MT5 Bollinger Bands with Alert
To install the MT5 Bollinger Bands Alert Indicator please follow the instructions below:
This indicator is a simple yet useful tool that you can integrate in your trading, don't miss out!
You can open a trading account with any of the MT4 Forex brokers to freely use the presented here indicator for MetaTrader 4. If you want to use an MT5 version of the indicator presented here, you would need to open an account with a broker that offers MetaTrader 5.