Custom Bollinger Bands

📊 Free MT4 indicator for identifying price breakouts and trend reversals.
🔹 Plots dynamic Bollinger Bands showing support and resistance levels.
⏱️ Works on H1, H4, D1, and W1 charts.
👨‍💻 Customizable settings for personalized trading strategies.
🖥️ Helps traders confirm trends, spot reversals, and plan trades efficiently.

📊 Analyze Market Volatility – The Custom Bollinger Bands Indicator is a free MT4 tool designed to help traders monitor price volatility and identify potential breakouts or trend reversals.
🔹 Dynamic Support & Resistance – Plots a moving average line with adjustable upper and lower bands, representing potential support and resistance levels for effective trade planning.
⏱️ Multi-Timeframe Compatibility – Works across H1, H4, D1, and W1 charts, suitable for both swing trading and longer-term analysis.
👨‍💻 Customizable Settings – Traders can adjust band widths, periods, and other parameters to align with their specific trading strategies.
💡 Trade Insights – Provides clear signals for overbought and oversold conditions, helping identify optimal entry and exit points.
🖥️ Free MT4 Indicator – Easy to install and compatible with all MetaTrader 4 platforms.
🎯 Enhance Trading Decisions – Use the indicator to confirm trends, anticipate reversals, and set precise stop-loss and take-profit levels for more informed trading.

Input Settings & Controls

  • Moving Average Method → The type of moving average used in the calculation (e.g., SMA, EMA, LWMA, SMMA).

  • Applied Price → The price source applied for calculations (close, open, high, low, median, typical, etc.).

  • Bands Period → Number of periods used to calculate the bands.

  • Bands Shift → Horizontal displacement of the bands on the chart.

  • Bands Deviations → Standard deviation multiplier that determines the width of the bands.

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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⚠️ Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.

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