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Exclusive Bollinger FREE MT5 is an expert index based on the well-known Bollinger Bands indicator, but with a more advanced algorithm.

contrary to the normal Bollinger, my Exclusive Bollinger gives better signals and is equipped with flexible settings, which allows traders to adjust this indicator to their own trading style. The indicator is able to set up notifications (alert, email, telephone), which will help you not to miss a trading sign.

Exclusive Bollinger FREE MT5 is a demo version, it works only on the EURJPY currency pair.

The unlimited version is available here: https://www.mql5.com/ru/market/product/25318

Exclusive Bollinger FREE MT5 is a demo version, it works only on the EURJPY currency pair.

The unlimited version is available here: https://www.mql5.com/ru/market/product/25318

  • The indicator is perfect for scalping;
  • Gives a minimum of false signals;
  • Suitable for beginners and experienced traders;
  • Works on any timeframe;
  • Does not redraw;
  • Sending signals to your email and mobile phone.
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Sell signal: the price has crossed the upper line of the indicator (see screenshot 1, entry points are marked with circles).

Buy signal: the price has crossed the lower line of the indicator.

The indicator is best suited for intraday trading, on a timeframe from M1 to H1.

  • Period – the key parameter responsible for the averaging period for calculating the indicator;
  • Deviation – the number of standard deviations from the main line;
  • Alert – enable or disable the Alert. If true-enabled, false-disabled;
  • Email enables or disables sending messages to email. If true-enabled, false-disabled;
  • Push enables or disables sending messages to your mobile phone. If true-enabled, false-disabled;
  • Type of signal – this setting is responsible for the moment when the signal is sent for Alert, Email and Push. Type of signal takes the values current bar (sending a message when a signal appears on the current bar) or last bar (sending messages when a signal appears on the last bar);
  • clrupper – color of the upper line of the indicator;
  • clrlower – color of the bottom line of the indicator;
  • clraverage – color of the middle line of the indicator;
  • Width – the thickness of the lines.

Our Useful Features & Services

Published

05 October 2017

Updated

08 November 2019

Current Version

7.0

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Gennadiy Voltornist January 12, 2021 5:38 pm
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Valentin Butorin January 12, 2021 5:38 pm
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