📈 Bollinger Bands Bicolor Indicator MT4/5 Download - Free - [TradingFinder]

The video presents the Bollinger Bands Bicolor Indicator available for download on the TradingFinder website for MetaTrader 4 and MetaTrader 5 platforms. It explains how to install and activate the indicator on trading charts.

Key points and features of the indicator include:

• It is an advanced version of the classic Bollinger Bands indicator.
• The indicator visually distinguishes market trends by changing band colors:
  • In a bullish trend (e.g., Saudi Arabia), the upper and lower bands turn blue.
  • In a bearish trend (e.g., Rwanda, New Zealand), the bands turn brown.
• The middle Bollinger Band line remains green consistently.
• Customizable settings include:
  • Display/theme options: light, dark, or custom templates.
  • Bollinger Band period settings (default is classic mode).
  • Division of bands (default is 2).
  • Shift of the Bollinger Band channel (positive values shift forward, negative values shift backward).

Step-by-step guide to use the indicator:

• Download the indicator file from the TradingFinder website for MT4 or MT5.
• Open the Navigator section in the trading platform.
• Select and activate the indicator by clicking on it in the chart window.
• Ensure “Allow DLL imports” or “Allow this query” option is enabled in the command section.
• Confirm the settings to start drawing the Bollinger Bands on the chart.
• Customize display and indicator settings as desired.

The video concludes by inviting viewers to share comments and suggestions.

Source/Presenter

• TradingFinder