Bollinger Bands type indicators for MT4

mrtools wrote: Thu Jan 01, 2026 8:57 am Yeah, looks like it is repainting.

Jimmy wrote: Sat Jul 23, 2022 9:40 pm BolliToucher 1.3 (Updated) Bollinger Bands Outer Bands Touch indicator

This is precisely what I used it for and what Mladen coded. I would use it with the Volatility Alarm on the M15 charts and then in the Bollinger Band toucher using Standard Deviation of 3.0 I would set it to alert at around 2 pips before the touch (on volatile pairs like GBPJPY) then scalp in the opposite once that square appears above the candle. Made a shit load of money with this indicator back in the day!

I have checked it and the code is working fine for me and Mrtools has updated the alerts so it works better on the newer MT4's.

Please try it and let us know

PS: This indicator doesn't have a middle line for the Bollinger Bands, so if you want to add that just add a Moving Average on 20 Period (Simple Moving Average) to your chart.

Batoum wrote: Wed Feb 18, 2026 6:13 am Very useful indicator. And when BB 20-2 are in squeeze, you'll have for sure a back to the main.

dmnik wrote: Tue Mar 19, 2024 4:49 am

HYDR313 wrote: Wed Feb 25, 2026 12:50 am Hi guys

I'm new here

This indicator isn't working for me on the platform. Is there a solution or a way to make it work?

I mean ( Band trend indicator)

kvak wrote: Wed Feb 25, 2026 9:38 am Hello here.
Dont know, I have also empty window.

mrtools wrote: Fri Aug 23, 2019 3:14 am Something like this?

kvak wrote: Mon Nov 04, 2024 4:23 am Donchian Channel Ribbon (Heatmap) Histogram for MT4

Request to transfer to MT4
Trend histogram ( lowest line ) have two mode on first signals or all signals....

How does it work?

The Donchian Trend Ribbon Heatmap utilizes Donchian Channels to create a trend overview histogram. When zoomed out, it can be used as a heatmap.

• It determines the main trend direction based on a length that you can set yourself, allowing for customization.
• Next, it assesses the trend direction for each of the 9 shorter lengths. For example, if you set the length to 20, the shorter lengths will be 19, 18, down to 11.
• It then checks if the trend directions from these shorter lengths match the main trend direction.
• Based on this, it alters the color of the trend ribbon.

Caution: Entry points might also indicate a trend reversal, so it's important to use a stop-loss line if you choose to enter buy or sell positions.

kvak wrote: Mon Nov 04, 2024 4:23 am Donchian Channel Ribbon (Heatmap) Histogram for MT4

Request to transfer to MT4
Trend histogram ( lowest line ) have two mode on first signals or all signals....

How does it work?

The Donchian Trend Ribbon Heatmap utilizes Donchian Channels to create a trend overview histogram. When zoomed out, it can be used as a heatmap.

• It determines the main trend direction based on a length that you can set yourself, allowing for customization.
• Next, it assesses the trend direction for each of the 9 shorter lengths. For example, if you set the length to 20, the shorter lengths will be 19, 18, down to 11.
• It then checks if the trend directions from these shorter lengths match the main trend direction.
• Based on this, it alters the color of the trend ribbon.

Caution: Entry points might also indicate a trend reversal, so it's important to use a stop-loss line if you choose to enter buy or sell positions.

Akela wrote: Sat May 16, 2026 6:12 pm Dear Kvak, could you please tell me what buffer the bottom line of the indicator uses, which today is yellow/blue/gray color.

Thank you very much, it would help me a lot.


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