Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Bollinger Band Scanner Pro - Multi-Symbol Signal Detector
? Professional Trading Tool for MT5
Transform your trading with the most advanced Bollinger Band scanner available for MetaTrader 5!
? Key Features
? Intelligent Signal Detection
- Precision Algorithm: Advanced multi-phase signal detection that identifies extreme BB reversals
- Smart Filtering: Eliminates false signals using middle-line crossing analysis
- Trend-Aware: Detects BUY signals in downtrends and SELL signals in uptrends only
- Multi-Timeframe Ready: Optimized for H1 scanning with configurable parameters
? Visual Bollinger Bands Display
- 5-Line System: Dual deviation bands (inner & outer) with middle line
- Color-Coded Lines: Blue outer bands, light blue inner bands, yellow SMA
- Toggle Control: Show/hide bands with one-click button
- Professional Appearance: Clean, non-cluttered chart display
? Multi-Symbol Market Scanner
- Real-Time Scanning: Monitors ALL symbols in your Market Watch
- Configurable Intervals: Set scan frequency from 30 seconds to 5 minutes
- Performance Optimized: Scans 100+ symbols in under 1 second
- Market Overview: Complete market status reporting
? Professional User Interface
- One-Click Control: START/STOP scanning with prominent button
- Live Status Display: Real-time scanning status and countdown timer
- Signal Counter: Track total signals detected on current chart
- Settings Overview: All parameters visible at a glance
- Smart Defaults: Scanner starts OFF for safety
? Advanced Signal Visualization
- Signal Pins: Thumbs up/down icons at exact signal prices
- Color-Coded Alerts: Green for BUY, Red for SELL signals
- Detailed Tooltips: Complete signal information on hover
- Signal History: Track all detected signals with timestamps
⚙️ Technical Specifications
| Feature | Specification |
|---|---|
| Platform | MetaTrader 5 only |
| Timeframe | H1 (optimized) |
| Symbols | All Market Watch symbols |
| Signal Types | BUY/SELL reversal signals |
| Default BB Period | 20 (configurable) |
| Default Deviations | 1.0 (inner) / 2.0 (outer) |
| Scan Interval | 60 seconds (configurable) |
| Performance | <1 second scan time |
? Input Parameters
- BB_Period (20): Bollinger Bands calculation period
- BB_Deviation1 (1.0): Inner bands standard deviation
- BB_Deviation2 (2.0): Outer bands standard deviation
- ScanInterval (60): Time between scans in seconds
- ShowArrows (true): Display signal arrows on chart
- SendAlerts (true): Send MT5 alerts for signals
- VerboseLogging (true): Detailed scan logs in terminal
- AutoStart (false): Auto-start scanning on load
? Trading Strategy
Signal Logic
- Extreme Movement Detection: Price must reach well beyond outer Bollinger Bands
- Sustained Pressure: Multiple bars showing extreme movement
- Reversal Confirmation: Price crosses back inside inner bands
- Trend Validation: No recent middle-line crossings (15-bar lookback)
? Risk Management
⚠️ Important Trading Disclaimer:
- This tool provides signals based on technical analysis
- Always use proper risk management and position sizing
- Backtest the strategy on your preferred symbols
- Consider market conditions and fundamental factors
- Past performance does not guarantee future results
? Perfect For:
✅ Scalpers & Day Traders: Quick reversal signals on H1 timeframe
✅ Multi-Market Traders: Monitor dozens of symbols simultaneously
✅ Bollinger Band Specialists: Advanced BB-based signal detection
✅ Professional Traders: Institutional-grade scanning technology
✅ Swing Traders: Catch major trend reversals early
? Installation & Setup
- Download and install the indicator
- Add to chart - scanner starts in STOPPED mode (safe default)
- Configure parameters if needed (defaults work well)
- Click START SCAN to begin monitoring
- Watch for signals - pins appear at detected reversal points
? Support & Updates
- Regular Updates: Continuous improvement and optimization
- Documentation: Complete user guide included
- Community: Active user community for strategy discussion
- Technical Support: Fast response to technical questions
? Why Choose Bollinger Band Scanner Pro?
? Precision: Advanced multi-phase signal detection
⚡ Speed: Scans entire market in under 1 second
? Professional: Clean interface with full control
? Reliable: Thoroughly tested and optimized
? Profitable: Based on proven Bollinger Band reversal strategy
Download now and start catching high-probability reversal signals across your entire market!
