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2011.08.15 08:20
Indicators

BBR - indicator for MetaTrader 4

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Description:

If price pierced upper or lower Bollinger Bands ®, RSI is overbought/oversold and moves back to 50 you'll get a signal.

Of course some false too, but as always MM and tight sl is the key. Recommended timeframe is M5. Added some objects that you are able to prepare for a signal.

RSI object gets orange when ob/os and changes to green or red when returns towards 50. BB object gets red or green when Bands were pierced.

If there is a higher high/lower low after a sell/buy signal and there is no new signal, RSI should show a divergence and you know what that means ;)

Happy pipping


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