Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. Custom Indicators
  3. MT4 / MT5 Indicators
  4. Bollinger bands

Bollinger bands

Discussion started on MT4 / MT5 Indicators

Print
Pages: [1] 2 3 ... 13   Go Down

Agjsltn

  • Full Member
  • Posts: 125
  • Points: 0
  • Likes Received: 23
  • Reputation: +0/-0
Bollinger bands is the default indicator that is on mt4 / mt5 this indicator is very suitable to use when the market is in sideway conditions, the way to enter a position is when the candlestick forms the bottom line or the upper line of the Bollinger bands. This indicator is very suitable for scalping. but when the market is in an uptrend or downtrend this indicator is not suitable for me.



Linkback: https://www.forex.zone/mt4-mt5-indicators/8/bollinger-bands/1048/
#1 - February 09, 2019, 11:10:43 AM
« Last Edit: July 16, 2024, 12:32:55 AM by Admin »

jonforex

  • Jr. Member
  • Posts: 81
  • Points: 1000
  • Likes Received: 29
  • Reputation: +0/-0
Quote from: Agjsltn on February 09, 2019, 11:10:43 AM
Bollinger bands is the default indicator that is on mt4 / mt5 this indicator is very suitable to use when the market is in sideway conditions, the way to enter a position is when the candlestick forms the bottom line or the upper line of the Bollinger bands. This indicator is very suitable for scalping. but when the market is in an uptrend or downtrend this indicator is not suitable for me.
Good evening ... we traders who have a lot of experience must be able to condition their activities, to use short-term trading in the m30 timeframe or h1 analysis, so with the Bowling indicator we will help the activity. Indeed, if the market conditions are trending all indicators feel false signal.
#2 - February 09, 2019, 11:27:31 AM

ajeng4x

  • Newbie
  • Posts: 27
  • Points: 20
  • Likes Received: 4
  • Reputation: +0/-0
Quote from: Agjsltn on February 09, 2019, 11:10:43 AM
Bollinger bands is the default indicator that is on mt4 / mt5 this indicator is very suitable to use when the market is in sideway conditions, the way to enter a position is when the candlestick forms the bottom line or the upper line of the Bollinger bands. This indicator is very suitable for scalping. but when the market is in an uptrend or downtrend this indicator is not suitable for me.
I really like this bollinger band indicator, maybe even many traders have used the bollinger band indicator as a reference ... where this indicator has an upper, middle and lower line which is usually read as a limit of price movements on a currency pair
#3 - February 09, 2019, 11:45:08 AM

Agjsltn

  • Full Member
  • Posts: 125
  • Points: 0
  • Likes Received: 23
  • Reputation: +0/-0
agree, so we have to be more familiar with the conditions of the market and also recognize the dikator that is suitable as possible when we are trending we can use the trend line with the help of ma and also fibonanci retracement with entry by seeing the right candle signal
#4 - February 09, 2019, 11:48:07 AM

Agjsltn

  • Full Member
  • Posts: 125
  • Points: 0
  • Likes Received: 23
  • Reputation: +0/-0
yes right, because the price will always be inside the bollinger bands area
#5 - February 09, 2019, 11:50:54 AM

SPRDI

  • Full Member
  • Posts: 151
  • Points: -5
  • Likes Received: 11
  • Reputation: +0/-0
Quote from: Agjsltn on February 09, 2019, 11:10:43 AM
Bollinger bands is the default indicator that is on mt4 / mt5 this indicator is very suitable to use when the market is in sideway conditions, the way to enter a position is when the candlestick forms the bottom line or the upper line of the Bollinger bands. This indicator is very suitable for scalping. but when the market is in an uptrend or downtrend this indicator is not suitable for me.
bollinger band, being the main indicator as the default indicator of metatrader 4 & 5, this indicator is very good to use by any type of trader, and my suggestion to use this indicator as a daily analysis is to use the ideal timeframe for this indicator, H4
#6 - February 09, 2019, 11:55:10 AM

jonforex

  • Jr. Member
  • Posts: 81
  • Points: 1000
  • Likes Received: 29
  • Reputation: +0/-0
Quote from: Agjsltn on February 09, 2019, 11:48:07 AM
agree, so we have to be more familiar with the conditions of the market and also recognize the dikator that is suitable as possible when we are trending we can use the trend line with the help of ma and also fibonanci retracement with entry by seeing the right candle signal
good night .... actually with a bolingerband and supported by an oscillator we have been helped to be able to indicate the market, and we can use the bolingerband for support and resistance. When both of them confirm the oversold we buy and vice versa.
#7 - February 09, 2019, 11:56:05 AM

Fadeel99

  • Sr. Member
  • Posts: 315
  • Points: 0
  • Likes Received: 44
  • Reputation: +0/-0
Quote from: Agjsltn on February 09, 2019, 11:10:43 AM
Bollinger bands is the default indicator that is on mt4 / mt5 this indicator is very suitable to use when the market is in sideway conditions, the way to enter a position is when the candlestick forms the bottom line or the upper line of the Bollinger bands. This indicator is very suitable for scalping. but when the market is in an uptrend or downtrend this indicator is not suitable for me.
with Bollinger bands I can see the limits of support and resistance if the price breaks through support or resistance we can combine with Fibonacci retractmen which serves to measure the limit of decline or increase when prices penetrate the upper or lower bollinger, another additional indicator I use is RSI (6) with level 10,20,50,80,90
#8 - February 09, 2019, 12:19:53 PM

Bahrul

  • Jr. Member
  • Posts: 76
  • Points: -5
  • Likes Received: 32
  • Reputation: +2/-0
The combination Bollinger Band amd RSI show the best result in Forex . Trader should watch the movement of RSI and then trader must follow the same order for trade . Bollinger Band provide the signal for entry point , when price go upper or lower than Band then trader can take entry for trade . Never go opposite of RSI movement , it is important thing for RSI trading .
#9 - February 09, 2019, 01:14:13 PM

Neo182

  • Newbie
  • Posts: 25
  • Points: 0
  • Likes Received: 5
  • Reputation: +2/-0
:-*:-*:-*:-*articles that are very helpful I really like your article and I hope that is it... I love it
#10 - February 09, 2019, 01:17:59 PM

anca1987

  • Full Member
  • Posts: 102
  • Points: 0
  • Likes Received: 17
  • Reputation: +0/-0
Quote from: Agjsltn on February 09, 2019, 11:10:43 AM
Bollinger bands is the default indicator that is on mt4 / mt5 this indicator is very suitable to use when the market is in sideway conditions, the way to enter a position is when the candlestick forms the bottom line or the upper line of the Bollinger bands. This indicator is very suitable for scalping. but when the market is in an uptrend or downtrend this indicator is not suitable for me.
Bolinger bands are good to use both when the market is flat and trendy, in my opinion, because the indications are very visible, but we have to keep going on the fake signal given. Thus we must learn it first.
#11 - February 09, 2019, 01:23:42 PM

indra88makmur

  • Full Member
  • Posts: 128
  • Points: 0
  • Likes Received: 15
  • Reputation: +1/-0
Quote from: Agjsltn on February 09, 2019, 11:10:43 AM
Bollinger bands is the default indicator that is on mt4 / mt5 this indicator is very suitable to use when the market is in sideway conditions, the way to enter a position is when the candlestick forms the bottom line or the upper line of the Bollinger bands. This indicator is very suitable for scalping. but when the market is in an uptrend or downtrend this indicator is not suitable for me.
This indicator is an indicator that I often use in forex trading because it is very helpful in determining the decision to open a position. I am sure this indicator can be the best choice for manual trading
#12 - February 09, 2019, 01:45:56 PM

Pebri92

  • Starter
  • Posts: 1
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Do Well, sir, I am trading Using these indicators, it is helpful to determine when overbought and when oversold conditions 
#13 - February 09, 2019, 02:32:21 PM

Chiffa

  • Sr. Member
  • Posts: 273
  • Points: -5
  • Likes Received: 83
  • Reputation: +1/-0
Quote from: Agjsltn on February 09, 2019, 11:10:43 AM
Bollinger bands is the default indicator that is on mt4 / mt5 this indicator is very suitable to use when the market is in sideway conditions, the way to enter a position is when the candlestick forms the bottom line or the upper line of the Bollinger bands. This indicator is very suitable for scalping. but when the market is in an uptrend or downtrend this indicator is not suitable for me.
I strongly agree with the statement that bollinger bands are indicators for scalping treder, 
very good if combined with several other indicators. will be very helpful for treding opening positions.8)8)



#14 - February 09, 2019, 02:45:35 PM

mohammad mmufroil

  • Full Member
  • Posts: 247
  • Points: 1009
  • Likes Received: 26
  • Reputation: +0/-0
Quote from: jonforex on February 09, 2019, 11:27:31 AM
Good evening ... we traders who have a lot of experience must be able to condition their activities, to use short-term trading in the m30 timeframe or h1 analysis, so with the Bowling indicator we will help the activity. Indeed, if the market conditions are trending all indicators feel false signal.
In my opinion, bollinger bands are high indicators because of this indicator you can see the volume of trading that day by seeing the widening or narrowing of bollinger bands, I think this indicator is good for seeing trends by measuring the range of movements of pairs in a certain time period
#15 - February 09, 2019, 04:36:20 PM
Print
Pages: [1] 2 3 ... 13   Go Up
  1. Forex Zone - Forex Forum
  2. Custom Indicators
  3. MT4 / MT5 Indicators
  4. Bollinger bands

Members:

0 Members and 1 Guest are viewing this topic.


Bollinger bands in MT4 / MT5 Indicators_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: