Bollinger Bands Stop v2 Indicator

  • 🔹 Bollinger Bands Stop v2 is a trend-following indicator for MT4.
  • 🔹 Uses colored dotted lines to show trend direction on the main chart.
  • 🔹 Blue line below candles → Uptrend; Red line above candles → Downtrend.
  • 🔹 Yellow circles mark trend reversal points for better entries/exits.
  • 🔹 Works on all timeframes and multiple currency pairs.
    🔹 Comes with sound alerts for trend changes.

🔹 The Bollinger Bands Stop v2 Indicator is a powerful trend indicator for MetaTrader 4 designed to determine the overall market direction.
🔹 Displays a colored dotted line on the main chart:
 ✔ Blue line below candles → Indicates an uptrend.
 ✔ Red line above candles → Indicates a downtrend.
🔹 The distance between the line and price reflects trend strength:
 ✔ Greater distance → Stronger trend.
 ✔ Closer distance → Weaker trend.
🔹 Yellow circles highlight trend reversal points, helping traders with precise entry and exit signals.
🔹 Includes an optional sound alert for notifications when the trend changes.
🔹 Works across all timeframes, suitable for scalping, intraday, and swing trading.
🔹 Compatible with any forex strategy and supports multiple currency pairs.

Input Settings & Controls

🔹 Length
✔ Defines the period for Bollinger Bands calculation. Higher values smooth the signal; lower values make it more sensitive.

🔹 Deviation
✔ Sets the standard deviation multiplier for the bands, controlling how far the stop line is placed from price.

🔹 MoneyRisk
✔ Adjusts the distance between price and stop line based on risk preference. Higher values widen the stop.

🔹 Signal
✔ Determines the signal mode for trend reversal alerts.

🔹 Line
✔ Specifies the type of line style for the indicator’s dotted trend line.

🔹 Nbars
✔ The number of bars to calculate and display the indicator on the chart.

🔹 SoundON
✔ Enables or disables the sound alert when a trend reversal signal appears.

Devices Supported

Device Type Operating System Compatibility with TradingView
💻 Windows Laptop/Desktop Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11 ✅ Fully supported via app
🍏 MacBook / iMac macOS 10.15+ ✅ Fully supported via app
📱 Android / Mobile Android OS ❌ Not supported

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