Bollinger bands MTF monitor alert indicator

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Hi everyone,
with you mqldev, as always

Multi-timeframe Bollinger bands indicator.

updated version of the old indicator of 2017, which I made for a trader from the US in instagram talk, to trade in majors and options to them, Vitaly in the comments reminded me that I have wanted to update it, so download the latest version and test it.

What is changed compared to the old version:

Added a cross timeframe signal monitor on the chart, it duplicates all signals received from the indicator from all timeframes for the current pair.

Removed the old logic signals, instead introduced a list of logic

what it means

bollinger bands alert mtf logic signals

NO_ALERTS – no signals at all just indicator on a chart
OUTSIDE_OF_BB_RANGE – current price out of BB range
BREAK_OUT_BB – breakout BB range (first signal candle, the classic scheme of logic)
FAKE_BREAK_OUT – fake breakout so when the candle break BB range and the next candle is closing in the range back
BREAK_IN_BB – this is break in signal from outside bb range to the middle prices

An additional signal modifier Candles_Flip has been added, by default it is set to NO, if you select YES, i.e. enable it, an additional condition for changing the direction of candlesticks will be added to any of the signals: for buy signals – a bearish candle to a bull, for sell signals – a bullish candle to a bearish.

In the MTF_Alerts parameter you can list the timeframes from which you want to receive alert notifications m1 m5 m15 m30 h1 h4 d1 w1 mn separated by spaces

If you want to work only with the current timeframe, leave this parameter empty.

bollinger bands alert mtf indicator

That’s actually all, the team and I will soon launch a cool online project related to trade and finance, in fact, and charity, and blockchain technology, trading community, team trading, I want to change something in this life, soon announce, follow the news.

Good luck!

15.06.2017 fixed M1 bug. Valven444 thank you for your bug report with YouTube.

26.06.2018 Changed at the request of the Scalp.fx now allsignals will alert you when the bar closes outside the Bollinger bands range

01.11.2018 code and logic refactoring

 

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Software Name
Projectreaper Bollinger bands MTF alert indicator
Terminal
Metatrader4
Software Category
Forex Indicator
Price
USD 0
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31 COMMENTS

  1. Hello,

    This is very AMAZING indicator, I have made profit on it in just a few days I’ve been using it, but because of the color of my charts and another indicator I use, the arrows of “Projectreaper Bollinger bands MTF alert” indicator paints inside of an area that is the same color as the arrow and I can not see it, would it be possible to make the arrow color, arrow size and distance from candle input options? This would be a very helpful feature only enhancing the indicator for better use.

    Thank You in Advance

  2. Hello,

    Great Indicator, I am also interested in the below feature, has it been added yet?

    “Eric September 16, 2018 at 6:15 pm – Is it possible to code an indicator that will alert when: the first candle has opened inside the bands and closed outside the bands and then another candle then opens outside the bands but closes inside the bands in the opposite direction?”

  3. Is it possible to code an indicator that will alert when: the first candle has opened inside the bands and closed outside the bands and then another candle then opens outside the bands but closes inside the bands in the opposite direction?

    • Hi, Eric
      yes it’s possible, it need revision of that indicator, I planned to update this indi after new online service developing process currently I’m in. By the way Xentrader software have that BreakIN bollinger kind of trading signals, when I add this to the freeware bollinger indicator I will send you email about that.

  4. PLEASE EMAIL ME URGENT: this indicator only alerts on the second candle to close outside the bands. I NEED one to alert me on the first candle to close outside the bands man.

    please email me bro to have this made.

    • This indicator is alert you only when bar opened and closed outside of the bands. So the first should penetrate the band line and the second bar if not closed inside the bands range will send the alert. This is for AllSignals parameter set to true.

  5. Hi bro. Thanks for making this indicator. I have a question that im confused about.

    Which option do i use to get an alert as soon as a candle closes outside of the bands.

    • Hi.
      To set the alerts you need to set timeframes, allsignals parameter to true, and set to true the needed alerts types mail push etc.

  6. Thanks for your kind reply sir.. Actually I had lost my hard earned money.. I mean very big loss.. Now I am totally zero… I lost my all money in this forex.. Till now I am searching for the good profitable system… If anyone help to recover my All loses… Please share your profitable system to my mail id sir….
    **********@gmail.com

    • Sent you email. Hope it solves your problem.
      Do not show your email publicly there’s many spam bots and scams out there.

  7. Hello sir.,
    I have checked this indicator. Forward test and backtest(strategy tester) the arrows are disappearing… While comparing forward test there are somany arrows.. But in backrest one arrow only showing… So it means that this is also repainting indicator sir….

    • Pay attention the delete arrows parameter first. And the indicator have three signal logic read carefully. And the last thing – in strategies tester of mt4 terminal work with multiple timeframes are incorrect you should keep in mind that. First of all this is alert indicator originally made by request for binary trader to have alerts in a phone from all timeframes bollinger bands.

  8. Hi,
    Thanks for your contribution, many traders like me is looking for same and, yes it is what w want.
    I had downloaded and installed and set alerts, arrows, signals to be true and on testing it doesn’t show any arrows. I tried all options what you mentioned here but nothing worked. Can you please provide tutorials or guideline in which it is shown how it worked, so from next time if anybody have any problem in working with indicator can take reference of it.

    Thanks.

    • Hello, Jim.

      This indicator I’ve made by request from binary trader and yes it have special logic.
      Arrows drawing only for current timeframe and only for current signals it means first arrow will appear when new signal will formed.
      In the case if you using multiple timeframes in the settings of the indicator all other timeframes signals will be sent you as alerts only.
      If you want to test it on strategies tester just enable Draw_Arrows parameter and let the price to form some signals with arrows.

  9. Hi Sir, 1st of all thanks for the super-nice indicator.

    1 question, which signal i have to choose if i want signal when candle closed outside BB?

    • Hello. You can turn to true AllSignals option in the case if you want to receive signal about all candles closed out of bb range this option overwrite OnlyStrong signals setting.

      OnlyStrong signals means if price break out bb range and next candle closed reversal to the range, for example: price break out higher bb line with bullish movement and next bearish candle closed higher high bb line would be signal.

      In timeframes option choose which timeframes do you need to analyze or leave it blank to work only in current tf. Good day!

  10. Hi,

    I am receiving alerts via email however no arrows are appearing?

    The arrows have been set to True and the Delete to False.

    Please help.

    • Hello! Arrows drawing only for current timeframe signals other timeframes are only alerting. If you want to trade only on current timeframe just leave blank timeframes option in the settings.

  11. Hi! There is a variavle “Alert” with value “Alert setting” so should i input here smth to be notifed? Cuz there is no sound alert when the signal is.

    • Hi. So when you changing the settings you need just press OK button in the indicators properties window. It should be saved and applied in that case. Also you can save it to a file and load by pressing load and save buttons.

      You can find official mt4 terminal help docs link in the right side bar of the site in desktop browser ➡ ➡
      Or below in mobile browser ⬇ ⬇

    • Hi.
      1. You need to copy the file to you mt4 indicators directory.
      2. You need to restart mt4 terminal or refresh list of indicators by clicking right mouse button on the list and choosing menu command refresh.

    • Hey there.

      If you want to receive the signals you should turn to true needed signal settings. This Indicator drawing arrows at new signal forming. The better way to understand how it works is to use strategies tester it will save your time in matching settings to your trading style.

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