Many of us are familiar with the old school Bollitoucher indicator which has been around for years. Although a great tool, it was lacking a few essentials, so after asking Mladen to improve it he kindly upgraded it for us by adding:

• Multi-timeframe mode
• Interpolation
• Alerts on certain amount of pips near the outer Bollinger Bands as an early warning
• Alert on the dots only
• Push notifications

This is a superb indicator to confirm if price has touched the outer bands (or to warn you if price is approaching a certain amount of pips near the outer bands) as it displays a small square dot on top (or underneath) the candlestick when the bands are touched, breached, or as mentioned, if price has reached a certain amount of pips near the bands (customizable by the user).

Strategy uses: This upgraded version of Bollitoucher can be used to take counter-trend scalp trades or trend trades in the direction of the outer bands after a retrace.
Personally, I use it on Bollinger Bands setting of 20,3 and I wait for volatility and price to burst and touch the outer bands on the 15 minute chart then I counter-trend trade on that current candle. If you visually backtest this simple method you will see that when price hits the outer Bollinger Bands on a setting of 20,3 it is safe to say that 99% of the time price will bounce back! I have used this method for years to collect pips consistently especially in volatile pairs like GBPJPY.

Note: This indicator does not display the Bollinger Band median line so be sure to add a 20 period Simple Moving Average on "Close" to your chart if you need the median line.