Free MT4 template incorporating 5 Bollinger Bands
Readers can click the following link to download this free MT4 template incorporating 5 Bollinger Bands. The array is made up of 5 standard Bollinger Band indicators arranged to print a ‘rainbow’ effect. It can be used in any timeframe standalone or as part of any trend-following method.
- When price is in trending mode, both top and bottom array overlaps tightly and horizontally.
- When price is uptrending mode, the bottom array opens to convey strong momentum.
- When price is in downtrend mode, the top array opens to convery strong downward momentum.
The file can only be used on MT4. Download into your MT4 folder/templates/
Sophisticated users can personalize the settings further along the same concepts.
Read article “Trading with a visual roadmap; Bollinger Bands for short term FX trader” PDF Format.