46# Bollinger Bands MTF alerts
Project Reaper BB MTF
Interesting Bolliger Bands Indicator MT4
Submit by Dimitri
Project Reaper Bollinger Bands MTF alerts is an intersting Bollinger Bands MT4 indicator that can be used alone or with other indicators.
The main feature of this indicator is to send multi type 4 time frame alerts to the bollinger bands. The types of revenue are as follows:
outside bollinger bands range
breakout bollinger bands
Break in bollinger bands.
Indicator project Reaper Bollinger Bands MTF alerts setting
Bands periods 20 deviation 1.5
outside bollinger bands range ( current price out of BB range ),
breakout bollinger bands (first signal candle, the classic scheme of logic ),
fake breakout (fake breakout so when the candle break BB range and the next candle is closing in the range back ),
break in bollinger bands (this is break in signal from outside bb range to the middle prices inverted signals to follow the price breakouts ).
1 min, 5 min, 15 min, 30 min, 60 min, H4, daily, w1.MN.
Draw arrows on chart.
Do not repaint.
Terminal Metatrader 4
In the pictures Bollinger Bands MTF alerts.
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