Technical Indicators for MetaTrader 4

Here you will find many programs for the MetaTrader 4 trading platform, which save the trader from routine operations and help him concentrate only on the really important things

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MetaTrader 4
Diego Arribas Lopez


[MT5 Version] [EA]

Advanced Bollinger Bands RSI MT4

Advanced Bollinger Bands RSI is an Indicator based on the functionalities of the Advanced Bollinger Bands RSI EA. The scope of this indicator is to provide a more affordable solution for users interested in the alerts coming out of the strategy but not in Autotrading. This strategy uses the Bollinger Bands indicator in combination with the RSI, the signal triggers only when both the BB and the RSI indicate at the same time overbought or oversold conditions. Both indicators make a great combination to anticipate big explosive moves. Advanced Bollinger Bands RSI grants the user with the posibity to use 3 different SL modes and 4 TP definitions. This high customization level allows the strategy to be adapted, not only to different risk profiles, but also to different pairs and timeframes. Advanced Bollinger Bands RSI show every entry triggered by the strategy. The EA takes care of the orders management.

Do you have a conservative risk profile? Set a fix SL based on price structure or defined by points and a TP based on the middle BB line or on a Risk to Reward ratio. 

It is ideal for trendy financial assets or for the final phase of a consolidation period.

Really easy to configure. Red arrows indicate sell signals, blue arrows indicate buy signals and the green circles TP zones.

The testing and optimization of the input parameters for the conditions of each user and broker are highly recommended to maximize results.

Some of the features of the Indicator are as follows:

  • Get notified when the signal is triggered
  • Save time
  • Highly customizable
  • AutoTrading available (Advanced Bollinger Bands RSI EA)
  • Functional on all pairs (Crypto, Forex, Stocks, Indices, Commodities...)

Input parameters


Enable Buys: Enable Buys
Enable Sells: Enable Sells
SL Mode
  • SL_None: No active SL
  • SL_structure: SL based in price structure
  • SL_points:  SL based on points
    TP Mode
    • TP_BB_and_RSI_signal: Open positions are closed on new contrary signal
    • TP_BB_band: Open positions are closed when price crosses the opposite band of the BB indicator
    • TP_BB_middle_line:  Open positions are closed when price crosses the middle line of the BB indicator
    • TP_RRR: TP based on RRR
      SL Points (if SL_points Mode): Points to set SL if SL_points is selected
      RRR (if TP_RRR): RRR if TP_RRR mode is selected

        RSI Settings: 

        RSI Period
        RSI OB: Overbought level
        RSI OV: Oversould level

            BB Settings: 

            BB Period
            BB Mult
            Price Source
            MA type


              Activate Alerts: Enable signal alerts
              Activate Notifications: Enable mobile phone notification

                  Support and questions

                  Do not hesitate to contact me for any questions and support


                  Diego Arribas, private investor and speculator, automation engineer in the aerospace industry

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                  RISK WARNING: is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.