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 doesn’t have any function to alert the trader about a breakout. This is why I created the Bollinger Bands Breakout Alert Indicator for MT4.
What Is The Bollinger Bands Breakout Alert Indicator For MT4
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 4 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. This indicator is like a simple 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 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.
This indicator is a simple yet useful indicator that you can integrate in your trading, don’t miss out!
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