2 Moving Averages with Bollinger Bands is an incredibly versatile technical analysis tool for MetaTrader 5 (MT5) that marries two timeless trading strategies: moving average crossovers and Bollinger Bands. This combo can really up your trading game!
📌 Key Features:
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✅ Configurable two moving averages (fast/slow):
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Easily customize the period, method (SMA, EMA, SMMA, LWMA), and price applied.
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✅ Buy and Sell arrows based on crossover logic:
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A Buy signal pops up when the fast MA crosses above the slow MA.
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A Sell signal appears when the fast MA crosses below the slow MA.
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✅ Optional alert system:
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Chart alerts to keep you in the loop.
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Sound alerts (alert.wav) for immediate notification.
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Email notifications to stay updated on the go.
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✅ Integrated Bollinger Bands:
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Upper, Middle, and Lower Bands are clearly displayed.
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Fully customizable: choose your period, deviation, price, style, and shift.
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✅ Works seamlessly on any symbol and time frame.
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✅ Clean, non-repainting logic based on closed candles ensures reliable signals.
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✅ Perfect for scalping, swing trading, or following trends.
📊 Use Case:
This indicator is a great asset for traders looking to spot potential trend reversals and entry points using moving average crossovers. Plus, it helps you visually keep tabs on volatility and price channels with the Bollinger Bands. You can even use it on its own or layer it with other indicators like RSI or CCI for more sophisticated setups.
⚙️ Input Settings Overview:
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MA1 Settings (Fast MA): Period, Method, Price
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MA2 Settings (Slow MA): Period, Method, Price
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Bollinger Bands Settings: Period, Deviation, Shift, Style, Width, Price
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Alerts: Manage chart, sound, or email alerts easily.
⚠️ Disclaimer:
Keep in mind, this indicator does not guarantee winning trades. Always implement proper risk management and strategy testing. The developer isn't liable for any financial losses that may occur.
Download for MT5 now! You can find it here: 2 Moving Averages with Bollinger Bands
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