The Bollinger Bands Stop v2 Indicator is a useful and popular free forex indicator for MT4. It is designed to help traders identify potential entry and exit points in the market, as well as to spot trends, reversals, and breakouts. This indicator uses Bollinger Bands and the Relative Strength Index (RSI) to measure market volatility and momentum. The Bollinger Bands Stop v2 Indicator works by plotting two lines on the chart. The upper line is the Bollinger Band, which is a measure of market volatility. The lower line is the RSI, which is a measure of market momentum. The indicator will show a buy signal when the price is above the upper line and the RSI is below the lower line. Conversely, it will show a sell signal when the price is below the lower line and the RSI is above the upper line. Overall, the Bollinger Bands Stop v2 Indicator is a useful and popular free forex indicator for MT4. It is easy to use and understand and can help traders identify potential entry and exit points in the market. It is also useful for spotting trends, reversals, and breakouts.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Bollinger-Bands-Stop-V2-Indicator-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Bollinger-Bands-Stop-V2-Indicator-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Bollinger-Bands-Stop-V2-Indicator-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Bollinger-Bands-Stop-V2-Indicator-screenshot-3-230x144.png)
Bollinger Bands Stop V2
The Bollinger Bands Stop V2 Indicator is a popular and useful Forex indicator that is available for free on the MT4 trading platform. The indicator is composed of three lines that represent the upper, middle and lower Bollinger Bands. The middle line is the average of the high and low prices of the currency pair, while the upper and lower lines represent the standard deviation of the prices. This makes it an invaluable tool for traders who are looking to take advantage of market opportunities.
Trading Style | |
---|---|
Indicator Type | |
Timeframe | , , |
Platform |
0
People watching this product now!
Category: Price Action
Downloads - 37
Description
Reviews (0)
Be the first to review “Bollinger Bands Stop V2” Cancel reply
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Three Drives Pattern
The Three Drives Pattern Indicator is a useful and popular free Forex indicator for MT4. It works by analyzing the price action of a given financial asset and then looking for three distinct price points that form a pattern. If the pattern is identified, then the indicator will alert the trader to a potential reversal in the trend. The Three Drives Pattern Indicator is a great indicator for traders who want to take advantage of the potential for quick profits when the market reverses.
Fractals Adjustable Period Trend Lines
The Fractals Adjustable Period Trend Lines Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It works by plotting fractals on the chart, which are then used to draw trend lines that are adjustable in period. The indicator is also useful for spotting support and resistance levels, as well as for determining entry and exit points for trades. It is a great tool for both novice and experienced traders, as it provides a clear visual representation of the market and helps traders make informed decisions.
Wolfe Waves
The Wolfe Waves indicator is a new and popular forex indicator available for free on the MT4 platform. It uses advanced algorithms to identify potential Wolfe Wave patterns in the market and chart those patterns, making them easy for traders to identify and analyze. The Wolfe Waves indicator is highly accurate and does not require redrawing, providing traders with reliable signals they can act on. The Wolfe Waves indicator is an essential tool for any forex trader who is trying to improve their trading strategies and identify high probability trading opportunities.
Volume Weighted MA
Volume Weighted Moving Average (VWMA) is a popular, free and useful Forex indicator for the MT4 platform. This indicator plots the average of a security's volume-weighted price over a period. It does this by measuring the volume of an asset and comparing it to the price. By doing this, traders can see if there is strong buying or selling pressure in the market. The VWMA is a great tool for traders who want to determine the strength of a trend.
PZ ABCD Retracement
The PZ ABCD Retracement Indicator is a popular and free forex indicator for MT4 that helps traders identify potential trading opportunities by identifying the AB=CD harmonic pattern. The indicator automatically plots Fibonacci retracement levels to help traders identify entry and exit points. It works by scanning the market for the AB=CD pattern and drawing the necessary lines and levels. It can be used by both a novice and an experienced trader, making it a versatile tool for traders who want to improve their trading results.
Price Action Scaner
The Price Action Scaner Forex Indicator is a useful and popular MT4 indicator that is free to use. It is designed to help traders identify price action patterns that are most likely to lead to profitable trades. The indicator uses a combination of trend analysis, support and resistance levels, and price action signals to provide traders with an insight into the current market conditions. It also provides alerts when certain trading signals are detected, allowing traders to take action quickly. With the Price Action Scaner Forex Indicator, traders can quickly identify potential trading opportunities and take advantage of them.
Candlestick Pattern
The Candlestick Pattern Indicator is a popular and free forex indicator that identifies various candlestick patterns on charts. It is a new MT4 indicator that analyzes the charts and displays candlestick patterns such as Doji, Hammer, Shooting Star, and more. The indicator also shows the pattern's name and signal strength, making it easier for traders to make trading decisions. This indicator is an essential tool for both novice and experienced traders who want to trade using candlestick patterns.
Reviews
There are no reviews yet.