If you're diving into the world of trading, the Bollinger_Squeeze_v9 indicator is a must-have tool for your MetaTrader 5 setup. This nifty indicator comes with a timeframe selection option, allowing you to customize it to your trading style.
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4; // Choose your preferred timeframe for analysis
To get started, you’ll need to download the Bollinger_Squeeze_v9.mq5 file. Simply place it in your <terminal_data_folder>\MQL5\Indicators directory.
Fig.1. The Bollinger_Squeeze_v9_HTF indicator
This indicator can be a game changer in identifying potential breakouts. So, whether you're trading on a 4-hour chart or any other timeframe, the Bollinger Squeeze is designed to help you spot those critical moments in the market.
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