Bollinger Bands Breakout Alert Indicator for MT4 and MT5 | FREE Forex Trading Indicator

Traders are well-versed in the Bollinger Bands indicator. One of the indicators is always available in the MetaTrader 4 platform, but there is a problem. MetaTrader 4/5 does not have a function to notify traders of a breakout. This is why the Bollinger Bands Breakout Alert Indicator for MT4/MT5 was created.

What Is Bollinger Bands Breakout Alert Indicator for MetaTrader

Many traders rely on the Bollinger Bands as a tool to confirm entry and exit signals. Also Many strategies are based on Bollinger Bands breakouts, bounces and so on.



The problem with MetaTrader is that it doesn’t have a system to alert the trader when a breakout of the Bollinger Bands happens.

To fill this gap I created the Bollinger Bands Breakout Alert Indicator for MT4 (and MT5). This indicator is like a plain Bollinger Bands indicator but including a notification system. You can be alerted via alert on screen, email, and mobile app if there is a breakout of the Bollinger Bands.

The Bollinger Bands Alert Indicator can notify you in case of a price break out or when the price returns in the bands after a breakout.

Bollinger Bands Breakout Alert Indicator Parameters

The Bollinger Bands Breakout Alert Indicator for MT4/MT5 has very few parameters so that it can be useful as well as easy to use.

The only parameters to set are the basic settings for the Bollinger Bands and how you would like to be notified. The notification happens only once per candle in case the breakout happens.

MT4/MT5 Bollinger Bands Breakout Alert Indicator Input Parameters

MT4 Bollinger Bands with Alert

You can download MT4 Bollinger Bands Alert Indicator for free and receive notifications via email, app, and on-screen when the price breaks out of the Bollinger Bands or returns inside.

What Are the Bollinger Bands

The Bollinger Bands is a very popular indicator that can help in finding trading opportunities.

Bollinger Bands are helpful to monitor the volatility of the price and spot big price movements.

The Bollinger Bands indicator includes 3 elements:

  • A moving average
  • An upper band representing the sum of the moving average plus the price standard deviation
  • A lower band where the value is the moving average minus the price standard deviation
MT4 Bollinger Bands Indicator Alert Chart

MT4 Bollinger Bands Alert Indicator

The Bollinger Bands indicator is included in the MetaTrader 4 platform, but there is no notification feature.

In many cases, receiving a notification when the price breaks out of the Bollinger Bands or returns in indicates that there may be a trading opportunity.

You can benefit from this alert in both trend following and trend reversal strategies.

To repair to this missing feature, you can download MT4 Bollinger Bands Alert Indicator here.

This indicator allows you to receive alerts when a possible trading signal triggers. You can receive notifications via:

  • Email
  • Mobile app
  • On-screen

Another intriguing feature of the MT4 Bollinger Bands Alert Indicator is its ability to draw Buy and Sell signals in the shape of arrows when a break-out occurs.

MT4 Bollinger Bands Indicator Alert Signals

➥ Download MQLTA MT4 Bollinger Bands with Alert

MT4 Bollinger Bands Alert Indicator Installation

To install the MT4 Bollinger Bands Alert indicator please follow the instructions below:

  1. Download the indicator archive file.
  2. Open the MetaTrader 4 data folder (via File→Open Data Folder).
  3. Open the MQL4 Folder.
  4. Copy all the folders from the archive directly to the MQL4 folder.
  5. Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.

MT5 Bollinger Bands with Alert

You can get the MT5 Bollinger Bands Alert Indicator for free and receive notifications via email, push notifications, and on the trading screen when the price breaks out or returns inside the Bollinger Bands.

Bollinger Bands can be used to monitor price volatility and identify large price movements.

MT5 Bollinger Bands Alert Indicator

The Bollinger Bands indicator is included in the MetaTrader 5 platform, but there is no notification feature.

In many cases, receiving a notification when the price breaks out of the Bollinger Bands or returns in indicates that there may be a trading opportunity.

You can benefit from this alert in both trend following and trend reversal strategies.

To fix to this missing feature, you can download MT5 Bollinger Bands Alert Indicator here.

This indicator allows you to receive alerts when a possible trading signal triggers. You can receive notifications via:

  • Email
  • Mobile App
  • On-screen

Another intriguing feature of the MT5 Bollinger Bands Alert Indicator is its ability to draw Buy and Sell signals in the shape of arrows when a break-out occurs.

➥ Download MQLTA MT5 Bollinger Bands with Alert

MT5 Bollinger Bands Alert Indicator Installation

To install the MT5 Bollinger Bands Alert Indicator please follow the instructions below:

  1. Download the indicator archive file.
  2. Open the MetaTrader 5 data folder (via File→Open Data Folder).
  3. Open the MQL5 Folder.
  4. Copy all the folders from the archive directly to the MQL5 folder.
  5. Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.

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