Bollinger bands MTF alert indicator




Alert BB indicator I made for trading with Bollinger Band strategy.

This MTF version working with multiple timeframes so you recieving the alerts from several timeframes in this indicator.

This indicator will give you BUY/SELL signals via email, push smartphone notifications, pop up alert windows, sound alerts and draw arrows on a chart.

Signal candle is bearish candle after bullish above hight bollinger line and bearish candle after bearish candle below low bollinger bands line. 

Tight stop losses nice risk / profit ratio in any time frame. This is already automation with fxUltimate robot.


Only strong signals option is filtering signals by one rule – signal candle should be closed above / below the Bollinger range, AllSignals – alert when previous bar was opened and closed out of BB range.

In MTF_Alerts parameter you should write needed timeframes from m1 m5 m15 m30 h1 h4 d1 w1 mn the list with sepatation by space

If you want to work only on current timeframe you can leave this parameter blank 

projectreaper.bollinger bands mtf settings

15.06.2017 FIXED m1 bug. Thanks Valven444 for spotting this problem.



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Software Name
Projectreaper Bollinger bands MTF alert indicator
Software Category
Forex Indicator
Official Page
If I can help you just ask in comments below or via feedback form


  1. 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!

  2. 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.

  3. 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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