Market / MetaTrader 4 / Indicators /

BB Stop Scanner

FREE

Published: 20 March 2018

Current version: 1.10

BB Stop Scanner

3.75

Indicators
Niravkumar Maganbhai Patel
Version: 1.10
Updated: 18 January 2019

This indicator helps you to Scan symbols which are in the Market Watch Window (in demo Max 15 Symbol) and filter out trends with alerts.

It works based on the most popular indicator "Bollinger Bands" which is used by many traders for trading:

When box color changes to "Green" or "Red" color, it indicates you for trend change for long and short entry. And also you will get alerted on screen. When it changes to "Green", it indicates you that trend is going upwards, and you can take the long entry. If the color changes to "Red", it indicates that trend is going downwards, and you can take a short entry.

You can apply it on any timeframe which is suitable for you.

Indicator parameters

Bollinger Bands Period: the number of bars used for the indicator calculations. Proper values - Above 15.
Bollinger Bands Deviation: Proper values - from: 1.5 to 3.5.

Additional Information

Best timeframe:

You can use this scanner above 15 Minutes to Daily.
For best results you can use M15, M30, H1 timeframe.

Best values:

Bollinger Bands Period: 21
Bollinger Bands Deviation: 3

Show entries:

Green color shows the trend is up for that symbol.
Coral color shows the trend is down for that symbol.

Thanks

Milvus Technologies

more...

1388

intan08 2022.07.07 16:47 #

Great, thanks!

1144

topline8000 2022.05.03 12:13 #

for testing

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Filter:

1639

Max 2025.01.09 23:32 #

This looks cool and does what I wanted but seems there is no way to select user instruments, just fills up everything from the market watch. Nice show piece though :)

205

ERozen 2024.06.03 08:41 #

User didn't leave any comment to the rating

1388

intan08 2022.07.07 16:47 #

Great, thanks!

1144

topline8000 2022.05.03 12:13 #

for testing

5763

Tim Eubanks 2018.07.13 01:12 #

This would be a very good scanner if it had more functionality and alerts!

1025

Jaldip Ramani 2018.05.16 12:20 #

User didn't leave any comment to the rating