Bollinger Bands Breakout Alert Indicator for MT4 and MT5
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.
What Is Bollinger Bands Breakout Alert Indicator for MetaTrader
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.
Bollinger Bands Breakout Alert Indicator Parameters
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.
MT4 Bollinger Bands with Alert
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.
What Are the Bollinger Bands
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:
- A moving average
- An upper band representing the sum of the moving average plus the price standard deviation
- A lower band where the value is the moving average minus the price standard deviation
MT4 Bollinger Bands Alert Indicator
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:
- Mobile app
- On-screen
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.
MT4 Bollinger Alert Indicator Source Code
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.
MT4 Bollinger Bands Alert Indicator Installation
To install the MT4 Bollinger Bands Alert indicator please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 4 data folder (via File→Open Data Folder).
- Open the MQL4 Folder.
- Copy all the folders from the archive directly to the MQL4 folder.
- Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
For more detailed instruction on how to perform the installation please visit this article.
MT5 Bollinger Bands with Alert
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.
MT5 Bollinger Bands Alert Indicator
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:
- Mobile App
- On-screen
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.
MT5 Bollinger Bands Alert Indicator Installation
To install the MT5 Bollinger Bands Alert Indicator please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 5 data folder (via File→Open Data Folder).
- Open the MQL5 Folder.
- Copy all the folders from the archive directly to the MQL5 folder.
- Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
Conclusion
This indicator is a simple yet useful tool that you can integrate in your trading, don't miss out!
