FIJI BB ALERT FOREX INDICATOR

The Fiji BB Alert is a simple MT4 indicator that looks identical to traditional Bollinger Bands. The indicator comprises an upper and lower band and a central line like the traditional BB.

The bands have a similar period, while the central line is a Moving Average. The upper and the lower bands present BUY/SELL signals.

The Fiji BB Alert indicator also draws dots on the chart with the upper/lower bands and a central line. These dots pop up whenever there’s a shift in trend. For example, the black dot emerges when a downtrend starts. Conversely, the blue dot surfaces when the uptrend is about to begin.

The good thing about the indicator is it works on all timeframes. To reduce the market noise, forex traders can also combine this indicator with others like the RSI and MACD.

Fiji BB Alert Indicator BUY/SELL signals

The above GBP/USD H4 chart shows BUY and SELL signals with the indicator.

The Fiji BB Alert Indicator indicates the bearish and bullish trend whenever the price breaks through the upper and lower bands.

When the price goes above the upper band, it indicates that an uptrend is about to end, and traders should exit long and enter short positions.

Conversely, when the price breaks below the lower band, a downtrend is about to end, and traders should exit short and enter long positions.

The central line or a band reflects neutrality. When price hangs between the central line, it means there isn’t enough market movement.

As mentioned earlier, the indicator also draws dots on the chart. These dots give exact entry and exit signals. For example, the black dot reflects a sell signal, while the blue dot mentions a buy signal.

Conclusion

The Fiji BB Alert Indicator for MT4 presents BUY and SELL signals by creating upper and lower bands. It works like a traditional Bollinger Band to tell the direction of the trend. In addition, this indicator is free to download, making it easily available for all forex traders.