Double Bollinger Bands Channel Alert

Trading in volatile markets often creates uncertainty between genuine trend continuation and false breakouts.
When price moves quickly, monitoring multiple standard deviation bands manually can clutter execution timing.
Double Bollinger Bands Channel Alert provides a structured two-band framework to identify trend momentum zones and pullback continuation levels with clarity.

What it shows:
Outer Bands (Deviation 2.0) = Volatility boundaries highlighting strong trend expansion.
Inner Bands (Deviation 1.0) = Dynamic support and resistance defining pullback continuation zones.
Center Baseline = 20-period Simple Moving Average representing fair market value.
Buy Zone = Area between Upper Band 1.0 and Upper Band 2.0 (strong upward trend momentum).
Sell Zone = Area between Lower Band 1.0 and Lower Band 2.0 (strong downward trend momentum).
Neutral Zone = Range between Upper Band 1.0 and Lower Band 1.0 (consolidation and mean reversion).

How to read it:
Trend Momentum: Price candles closing consistently inside the Buy Zone or Sell Zone confirm active trend strength.
Pullback Continuation: In a confirmed trend, price pulling back to test the Inner Band (Dev 1.0) and rejecting back into the trend zone offers structured continuation entries.
Trend Exhaustion: Price falling back into the Neutral Zone indicates fading momentum or consolidation.

Alert mechanisms:
Customizable PipGAP: Define an exact pip threshold beyond the bands to filter market noise before triggering notifications.
Flexible Trigger Modes: Choose between monitoring All Bands, Inner Band 1 only, or Outer Band 2 only.
Multi-channel delivery: Receive instant alerts via Terminal Popup with sound, MT5 Mobile Push notifications, Email, or direct Telegram bot messages.

Signal stability:
When bar-close confirmation is enabled, alerts fire strictly upon candle close to prevent repainting. Historical bands reflect confirmed closing data.

Best fit:
Assets: Forex pairs, Gold (XAUUSD), Indices, and Crypto.
Timeframes: M5 to H4 for intraday and swing trend analysis.
Trading style: Trend-following, pullback entries, and breakout volatility monitoring.

What it does NOT do:
It does not execute trades automatically.
It does not guarantee future price direction.
It serves as an analytical indicator to support disciplined manual and semi-automated decision-making.

Core settings:
Bands Settings: Period (default 20), Deviations 1 (1.0), Deviations 2 (2.0), Shift, Applied Price.
Alert Threshold: PipGAP buffer, Trigger mode (All BB / BB1 / BB2), Alert on bar close.
Notifications: Terminal Popup, Mobile Push, Email, Telegram WebRequest (Token & Channel ID).

Support:
Questions or setup assistance? Feel free to reach out via my MQL5 profile.