Advanced Bollinger Bands RSi MT5

[MT4 Version] [EA]

Advanced Bollinger Bands RSI MT5

Advanced Bollinger Bands RSI is an Indicator based on the functionalities of the Advanced Bollinger Bands RSI EA. The scope of this indicator is to provide a more affordable solution for users interested in the alerts coming out of the strategy but not in Autotrading. This strategy uses the Bollinger Bands indicator in combination with the RSI, the signal triggers only when both the BB and the RSI indicate at the same time overbought or oversold conditions. Both indicators make a great combination to anticipate big explosive moves. Advanced Bollinger Bands RSI grants the user with the posibity to use 3 different SL modes and 4 TP definitions. This high customization level allows the strategy to be adapted, not only to different risk profiles, but also to different pairs and timeframes. Advanced Bollinger Bands RSI show every entry triggered by the strategy. The EA takes care of the orders management.

Do you have a conservative risk profile? Set a fix SL based on price structure or defined by points and a TP based on the middle BB line or on a Risk to Reward ratio. 

It is ideal for trendy financial assets or for the final phase of a consolidation period.

Really easy to configure. Red arrows indicate sell signals, blue arrows indicate buy signals and the green circles TP zones.

The testing and optimization of the input parameters for the conditions of each user and broker are highly recommended to maximize results.

Some of the features of the Indicator are as follows:

  • Get notified when the signal is triggered
  • Save time
  • Highly customizable
  • AutoTrading available (Advanced Bollinger Bands RSI EA)
  • Functional on all pairs (Crypto, Forex, Stocks, Indices, Commodities...)

Input parameters

Settings:

  • Enable Buys: Enable Buys
  • Enable Sells: Enable Sells
  • SL Mode
    • SL_None: No active SL
    • SL_structure: SL based in price structure
    • SL_points:  SL based on points
  • TP Mode
    • TP_BB_and_RSI_signal: Open positions are closed on new contrary signal
    • TP_BB_band: Open positions are closed when price crosses the opposite band of the BB indicator
    • TP_BB_middle_line:  Open positions are closed when price crosses the middle line of the BB indicator
    • TP_RRR: TP based on RRR
  • SL Points (if SL_points Mode): Points to set SL if SL_points is selected
  • RRR (if TP_RRR): RRR if TP_RRR mode is selected

RSI Settings: 

  • RSI Period
  • RSI OB: Overbought level
  • RSI OV: Oversould level

    BB Settings: 

    • BB Period
    • BB Mult
    • Price Source
    • MA type

    Notifications:

    • Activate Alerts: Enable signal alerts
    • Activate Notifications: Enable mobile phone notification

      Support and questions

      Do not hesitate to contact me for any questions and support

      Author

      Diego Arribas, private investor and speculator, automation engineer in the aerospace industry

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      Ich Khiem Nguyen
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      Temirlan Kdyrkhan
      1 (4)
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      Roman Podpora
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      Daniel Stein
      5 (5)
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      Alexey Minkov
      5 (7)
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      Bernhard Schweigert
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      Ihor Otkydach
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      Daniel Stein
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      Ramil Minniakhmetov
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      Samuel Manoel De Souza
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      Nervada Emeule Adams
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      AW Trading Software Limited
      4.76 (54)
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      Diego Arribas Lopez
      5 (1)
      MT4 Version   MA Ribbon MT5 MA Ribbon is an enhanced indicator with 8 moving averages of increasing periods. MA Ribbon is useful to recognize trend direction,  reversals   and continuation points in the market as well as potential entry, partial take profit and exit points. Entry points for long and shorts position can be found when the price entries or leaves the Ribbon, at retest or a defined number of MA crossovers. It offers a good combination with mostly any volume or momentun indicators to
      [ MT4 Version ]  [ Kill Zones ]  [ SMT Divergences ] How to trade using Order Blocks:  Click here User Interface Performance:  During testing in the strategy tester, the UI may experience lag. Rest assured, this issue is specific to the testing environment and does not affect the indicator's performance in live trading. Elevate your trading strategy with the  Order Blocks ICT Multi TF  indicator, a cutting-edge tool designed to enhance your trading decisions through advanced order block analysis
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      Diego Arribas Lopez
      4 (1)
      [ MT4 Version ] Are you tired of spending months on demo or live accounts to test your trading strategies? The Backtesting Simulator is the ultimate tool designed to elevate your backtesting experience to new heights. Utilizing Metatrader historical symbol information, it offers an unparalleled simulation of real market conditions. Take control of your testing speed, test ideas quickly or at a slower pace, and witness remarkable improvements in your testing performance. Forget about wasting tim
      MT4 Version Most indicators draw lines. This one draws the battlefield. If you ever bought an EA or indicator based on a perfect equity curve — and then watched it bleed out live — you’re not alone. The problem? Static logic in a dynamic market. Fibonacci Bollinger Bands   adapts. It combines Bollinger structure with customizable Fibonacci levels to mark   zones of control   — where price reacts, pauses, or reverses. No magic. Just logic that follows volatility. Why this tool matters   It
      FREE
      MT5 Version TTM Squeeze Momentum TTM Squeeze Momentum is an enhanced indicator ideal for recognizing consolidation periods in the market and the start of the next explosive move. This improved version is a volatility indicator based on John Carter's "TTM Squeeze" in which the histogram is based on a linear regression rather than a simple momentum indicator. Red dots on the middle line indicate that the market has entered a "Squeeze" zone or consolidation period, indicated in this enhanced versi
      [ MT4 Version ] [ Discord Signals ]  MT5 to Telegram Signals Connect your broker account with Telegram and stop missing important notifications.  Would you like to receive Telegram   notifications? Are you looking for a simple way to share trade signals with your followers? Do you need to start documenting your trades with an automated trading diary? This utility is simple to use and supports a wide variety of settings: Pick your desired Telegram   group and enter the bot token and the chat id G
      [ How to use the Demo version ] [ MT4 Version ] AO unpaid divergences MT5 AO unpaid divergences is the first indicator developed to detailed analyze Regular and Hidden Divergences. It uses this analysis to find out possible entry points and targets. Below some of the characteristics of this indicator:  Time saving Highly customizable Working for all pairs (Crypto, Forex, Stocks, Indices, Commodities...) Suitable for Scalping or Swing trading Possible reversal swings Alerts and Notifications on M
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      Diego Arribas Lopez
      5 (1)
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      MT5 Version Advanced Range Breakout Advanced Range Breakout allows you to trade breakouts in an impossible way for any human being. This EA focuses on entering breakouts as soon as the price moves over them, keeping a tight trailing stop loss (TSL) to catch as much as possible of breakouts'    characteristic   explosive price movements while protecting the trade if it turns out to be a fakeout. Feel free to get in touch we me to find out how I successfully managed to passed a prop firm challenge
      MA Ribbon MT4
      Diego Arribas Lopez
      MT5 Version MA Ribbon MT4 MA Ribbon is an enhanced indicator with 8 moving averages of increasing periods. MA Ribbon is useful to recognize trend direction,  reversals   and continuation points in the market as well as potential entry, partial take profit and exit points. Entry points for long and shorts position can be found when the price entries or leaves the Ribbon, at retest or a defined number of MA crossovers. It offers a good combination with mostly any volume or momentun indicators to f
      MT5 Version Elliot Wave Oscillator MT4 Elliot Wave Oscillator MT4 is an indicator designed to support Elliot Wave counts. The default settings help filtering out the noise in the market allowing a clear perception for the waves counts in differnt timeframes.   Elliot Wave Oscillator high customization level allows the you to optimize this indicator to your personal preferences. Shorter Periods and faster reactive MAs will provide more infomation but will require a higher level of experience for
      MT5 Version Most indicators draw lines. This one draws the battlefield. If you ever bought an EA or indicator based on a perfect equity curve — and then watched it bleed out live — you’re not alone. The problem? Static logic in a dynamic market. Fibonacci Bollinger Bands adapts. It combines Bollinger structure with customizable Fibonacci levels to mark zones of control — where price reacts, pauses, or reverses. No magic. Just logic that follows volatility. Why this tool matters It shows yo
      FREE
      Lumos
      Diego Arribas Lopez
      Lumos Lumos is a multifunctional trading assistant. It gives an overview of the current market situation for a better decision making. The strategy tester only provides a visualization of the application. Lumos is highly customizable and gives you information in multiple timeframes about: MAs, price structure, RSI, RSI MA and an overview of the price distance to possible SLs.
      FREE
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      [ MT5 Version ] How to trade using the Fear and Greed Indicator:  Click here Uncertain about when to take total or partial profits? The Fear and Greed is your reliable companion for making confident trading decisions. This innovative tool offers unparalleled insights into market sentiment, helping you identify key pivot zones and optimize your trading strategy. Why Choose Fear and Greed? Revolutionary Market Insight: Sentiment Analysis: The first indicator for that reveals the market's Fear and
      MT5 Version Gaussian Channel MT4 Gaussian Channel MT4 is the first indicator in the market that uses Ehlers Gaussian Filter methods to define trends. Nowadays, this Gaussian Channel is highly known as a method to support HOLD techniques in crypto. If the price is above the channel the trend is strong, if it comes back to the channel this can react as a resistance and indicate the beginning of a bear market (or Winter) if the price breaks below it. Eventhough the use of this channel focuses on h
      MT5 Version Williams Vix Fix MT4 Need help trying to time the bottoms in the market? Williams Vix Fix MT4 is based on the volatility of the market and grants a huge support for finding out when a correction is comming to its end. TRY IT FOR FREE NOW! Williams Vix Fix MT4 derivates from Larry Williams's VixFix indicator addapted for fitting   every asset class . VIX reprensents the fear and greed in the market based on its volatility. A high VIX value shows fear in the market, this is usually a
      Wave Trend MT4
      Diego Arribas Lopez
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      [ MT5 Version ] How to trade using Order Blocks:  Click here Discover the future of trading with   Order Block Indicator , meticulously crafted for traders who demand unparalleled accuracy and customization. Whether you're scalping or swing trading, this tool is your gateway to mastering Order Blocks and Supply and Demand Zones—critical areas where price reversals often occur. Why Choose Order Block Indicator? Transform Your Trading Strategy: Precision Analysis:   Pinpoint potential accumulation
      MT5 Version Multi Timeframe MA MT4 Multi Timeframe MA MT4 is an indicator that offers the representation of up to 3 MAs with different Periods and Timeframes. This allows the user to reprensent in one chart and timeframe information coming from other timeframes and get notified as any of the MAs crosses another one. Multi Timeframe MA is the   first   indicator in the market that offers Multi Timeframe interactions and a high customization   level from up to 7 different MA types (SMA, EMA, WMA,
      [ MT5 Version ] [ EA ] Advanced Bollinger Bands RSI MT4 Advanced Bollinger Bands RSI is an Indicator based on the functionalities of the  Advanced Bollinger Bands RSI EA . The scope of this indicator is to provide a more affordable solution for users interested in the alerts coming out of the strategy but not in Autotrading. This strategy uses the Bollinger Bands indicator in combination with the RSI, the signal triggers only when both the BB and the RSI indicate at the same time overbought or o
      [ MT5 Version ] Bulls and Bears Power Bulls and Bears Power is an indicator that clearly highlights if bulls or bears are currently in control of the market. A price movement started with high Bulls control in the market can indicate the beginning of a new trend movement. The relative indicator power between price peaks also indicates if the movement is losing strength and might foresee a significant correction or a trend reversal. Bulls and Bears Power indicator offers a clear and simplified vi
      [ MT5 Version ] Ultimate Alpha Trend MT4 Ultimate Alpha Trend is the first trend indicator, which combines volatility, volume, average price and momentum. The results is a highly versatile representation of trendy and sideways market conditions, highlighting, at the same time, significant supply and demand levels. The Ultimate Alpha Trend indicator can be used to find entry oportunities and to set SLs taking into consideration current market volatility, volume and momentum. Besides that, the ind
      MT5 Version SMT Divergences MT4 SMT Divergences is one of the most innovative indicators in the market. It offers the possibility of analyzing price divergences between 2 pairs. These divergences highlight and help to foresee what banks and institutions are planning to do. SMT divergences also provides you with a kill zones indicator and the possibility of filtering divergences occurring during these kill zones.  The strategy tester is limited in MT4. Contact the author to get your Demo Version.
      MT5 Version Advanced Daily Breakout Advanced Daily Breakout  allows you to trade session breakouts in an automatic way and with an accurate order and risk managing. This EA focuses on defining the session range and trading its breakout. You can let the trade run until the end of the session or keep a tight trailing stop loss (TSL) to catch as much as possible of breakouts' characteristic explosive price movements while protecting the trade if it turns out to be a fakeout. There are three main w
      Kill Zones MT4
      Diego Arribas Lopez
      MT5 Version Kill Zones Kill Zones allows you to insert up to 3 time zones in the chart. The visual representation of the Kill Zones in the chart together with an alert and notification system helps you to ignore fake trading setups occurring outside the Kill Zones or specific trading sessions. Using Kill Zones in your trading will help you filter higher probability trading setups. You should select time ranges where the market usually reacts with high volatility. Based on EST time zone, followin
      [ MT5 Version ]   [ Kill Zones ]  [ SMT Divergences ] How to trade using Order Blocks:  Click here Experience the ultimate in trading precision with the  Order Blocks ICT  indicator, designed to empower traders with unparalleled insights into market dynamics. This advanced tool leverages order flow and volume analysis to reveal crucial buying and selling pressures driving price action. Why Choose Order Blocks ICT? Unleash Market Insights: Order Flow Analysis:  Discern buying and selling pressure
      [ MT5 Version ]  [ Kill Zones ]  [ SMT Divergences ] How to trade using Order Blocks:  Click here User Interface Performance:  During testing in the strategy tester, the UI may experience lag. Rest assured, this issue is specific to the testing environment and does not affect the indicator's performance in live trading. Elevate your trading strategy with the  Order Blocks ICT Multi TF  indicator, a cutting-edge tool designed to enhance your trading decisions through advanced order block analys
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