MACD BB Lines Metatrader Indicator

Love Trading Buy/Sell Arrow Signals? Try This!

macdbb

We have just added the MACD BB Lines metatrader indicator to our download section. This is metatrader indicator plots the MACD and Bollinger bands which are calculated as a standard deviation from the MACD. The change of the dots’ color is a signal that there is change in the current trend. And if the MACD signal line shifts outside the Bollinger Bands either directioin then that’s also a signal. A sell signal happens when the MACD Average goes below the band. A buy signal happens when the MACD Average goes above the band. All quite straight forward really.

You will have to play with the settings for the deviation of the Bollinger Band lines for each individual market. Each market seems to have its own volatility and will require some monitoring to get the right settings.

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MACD BB Lines Metatrader Indicator
MACD BB Line Ninjatrader Indicator

2 Responses

  1. Forex trader says:

    The MACD Bollinger bands indicator looks very interesting!

  2. P the cable guy says:

    This is a great indicator and works really well on breakouts.

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