Индикатор Форекс Candle Avarage

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:

• Email
• 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:

1. Download the indicator archive file.
2. Open the MetaTrader 4 data folder (via File→Open Data Folder).
3. Open the MQL4 Folder.
4. Copy all the folders from the archive directly to the MQL4 folder.
5. 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:

• Email
• 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:

1. Download the indicator archive file.
2. Open the MetaTrader 5 data folder (via File→Open Data Folder).
3. Open the MQL5 Folder.
4. Copy all the folders from the archive directly to the MQL5 folder.
5. 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!

Discussion

Do you have any suggestions or questions regarding this indicator? You can always discuss Bollinger Bands with Alert with other traders and coders on our forums.

What Is a Golden Cross?

A golden cross is a chart pattern in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the day moving average) crossing above its long-term moving average (such as the day moving average) or resistance level.

As long-term indicators carry more weight, the golden cross indicates the possibility of a long-term bull market emerging. High trading volumes generally reinforce the indicator.

How Does a Golden Cross Form?

The golden cross is a momentum indicator, which means that prices are continuously increasing—gaining momentum. Traders and investors have changed their outlooks to bullish rather than bearish. The indicator generally has three stages.

The first stage requires that a downtrend eventually bottoms out as buyers overpower sellers. In the second stage, the shorter moving average crosses over the larger moving average to trigger a breakout and confirms a downward trend reversal.

The last stage is a continuing uptrend after the crossover. The moving averages act as support levels on pullbacks until they cross back down.

The most commonly used moving averages in the golden cross are the day- and day moving averages. Generally, larger periods tend to form stronger, lasting breakouts. For example, the day moving average crossover up through the day moving average on an index like the S&P is one of the most popular bullish market signals.

Day traders commonly use smaller periods like the 5-day and day moving averages to trade intra-day golden cross breakouts. Some traders might use different periodic increments, like weeks or months, depending on their trading preferences and what they believe works for them.

But when choosing different periods, it's important to understand that the larger the chart time frame, the stronger and more lasting the golden cross breakout tends to be.

Example of a Golden Cross

The image below uses a day and a day moving average. The day moving average trended down over several trading periods, finally reaching a price level the market couldn't support. The day moving average flattened out after slightly trending downward.

Prices gradually increased over time, creating an upward trend in the moving day average. The trend continued, pushing the shorter-period moving average higher than the longer-period moving average. A golden cross formed, confirming a reversal from a downward trend to an upward one.

Notice that the price range of the candlesticks made a significant jump when the downward trend bottomed out and turned into an uptrend. Something likely occurred that changed investor and trader market sentiments at this time. The candle bodies were large (the difference between open and close prices), and more days closed with prices much higher than opening during the first uptick after the day moving average bottomed.

The Difference Between a Golden Cross and a Death Cross

A golden cross and a death cross are opposing indicators. The golden cross confirms a long-term bull market going forward, while a death cross signals a long-term bear market. Either crossover is considered more significant when accompanied by high trading volume.

Once the crossover occurs, the long-term moving average is considered a major support level (in the case of the golden cross) or resistance level (in the instance of the death cross) for the market from that point forward. Either cross may appear and signal a trend change, but they more frequently occur when a trend change has already occurred.

Limitations of the Golden Cross

All indicators are “lagging,” which means the data used to form the charts has already occurred. This means that no indicator can truly predict the future. Many times, an observed golden cross produces a false signal. Despite its apparent predictive power in forecasting prior large bull markets, golden crosses also regularly fail to manifest. Therefore, other signals and indicators should always be used to confirm a golden cross.

The Bottom Line

A golden cross is believed to confirm the reversal of a downward trend. The key to using the golden cross correctly—with additional filters and indicators—is to use profit targets, stop loss, and other risk management tools. Remember to maintain a favorable risk-to-reward ratio and to time your trade rather than just following the cross mindlessly.

M-Candles is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits.

(downloadable file eunic-brussels.eu contains eunic-brussels.eu4 & eunic-brussels.eu4)

Free Download M-Candles forex Mt4 Indicator

How to install M-Candles mt4 indicator in forex trading platform metatrader 4?

Extract the downloaded eunic-brussels.eu

Go to “File menu” in Mt4 trading platform and click “open data folder”. Open Mql4 folder and open the indicators folder. Now paste the eunic-brussels.eu4 and eunic-brussels.eu4 files into indicators folder and restart the MetaTrader 4.

Forex Trading Systems / Strategies using M-Candles indicator.