Bollinger RSI PRO mtf
- Indicators
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Rikza Fauzan Nurfadilah
Professional provider of MQL5 MetaTrader 5 Expert Advisors (EAs). Help optimize your automated trading with proven, stable, and secure strategies. - Version: 1.0
- Activations: 5
BB RSI Pro combines Bollinger Bands and RSI into a single confluence system. It waits for price to stretch outside the band, for momentum to turn, and for the candle to confirm before it signals, so each alert has more context than a band touch alone.
HOW THE SIGNALS WORK
- BUY: price touches or pierces the lower band within the last few candles, closes back inside the band, RSI has been oversold and is turning up, and the confirmation candle is bullish.
- SELL: the mirror condition at the upper band, with overbought RSI turning down and a bearish candle.
- Higher timeframe filter (optional): a BUY needs a bullish bias on the higher timeframe (price above the middle band and RSI above 50), and a SELL needs a bearish bias. The higher timeframe is chosen automatically from your chart, or you can set it manually.
- Signals use only closed candles, and each one is evaluated once, so arrows do not repaint or repeat.
CHART DISPLAY
- Bollinger Bands drawn across the full history
- Dotted middle band
- Buy and sell arrows with labels at each signal
- Target line at the middle band (TP MID) and a stop loss line beyond the recent swing, both labeled with their prices
- Optional dark chart theme
DASHBOARD
- Market state: price, band position, %B, bandwidth, and RSI zone
- Squeeze detection when bandwidth narrows well below its recent average
- Readiness status: WATCH FOR BUY, WATCH FOR SELL, SQUEEZE, WAIT, or NO SETUP
- Higher timeframe filter status
- Multi-timeframe table (M5, M15, H1, H4, D1) showing RSI, %B, and bias for each timeframe
- Last signal with its time, running buy and sell counts, and the current alert status
ALERTS
- Banner on the chart when a signal fires
- Popup message, optional sound, MetaQuotes push notification, and optional email
- One alert per closed candle
EXPERT ADVISOR READY
- Buy and sell signal buffers are available through iCustom, so the same logic can drive automated systems
REQUIREMENTS
- MetaTrader 5
- Forex, metals, indices, and crypto CFDs with sufficient history
- Any broker and any timeframe from M1 to D1
IMPORTANT
BB RSI Pro is a technical analysis tool. It does not guarantee profits. Mean-reversion signals can fail during strong trends, so test in both ranging and trending markets. Past Strategy Tester results do not predict future performance. Test on a demo account first, include spread and commission in your evaluation, and always manage your risk.
