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Re: Bollinger Bands Indicators for MT5

Banzai, Sun Nov 30, 2025 3:56 am

BOLLINGER BANDS
(on/off button)

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1) SMA(20) The middle line of the Bollinger Bands is just SMA(20). Green color is for a short-term uptrend.
If a complete candle is above the SMA(20), go LONG/BUY.
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2) THE BIG GAP If there's a big gap between the candles and the SMA(20), that's an indication of a strong trend.
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3) BAND CLOUD In an uptrend, candles are hugging the upper green bands.
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4) THE SQUEEZE In a consolidation, we can clearly see the squeeze.
The trend can breakout to the upside or downside.
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