Thursday, August 5, 2021

Bollinger Bands RSI


If price pierced upper or lower Bollinger Bands, RSI is overbought/oversold and moves back to 50 you’ll get a signal.

Of course some false too, but as always MM and tight stop loss is the key. Recommended time-frame is M5. Added some objects that you are able to prepare for a signal.

RSI object gets orange when overbought/oversold and changes to green or red when returns towards 50. Bollinger Band object gets red or green when Bands were pierced.

If there is a higher high/lower low after a sell/buy signal and there is no new signal, RSI should show a divergence and you know what that means.

Metatrader Indicators was developed by Forex traders for traders. We wasted hours, probably years, looking for indicators, software and Forex broker reviews. is a hub for technical traders. It represents years of work, knowledge and experience. Enjoy and stay true to your passion.

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