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Adaptive Bollinger Bands indicator for MetaTrader 4 Forex technical trading

Adaptive Bollinger Bands for MT4 Forex trading Adaptive Bollinger Bands is an advanced Bollinger Bands technical indicator for MT4 Forex trading. Adaptive Bollinger Bands can change the look back period dynamically based on current Forex market condition. Adaptive Bollinger Bands adapts to the Forex market changes as much as possible. Adaptive Bollinger Bands is more advanced than conventional Bollinger Bands.

Version: 1.0       Platform: MetaTrader 4 build 600 or later

Price USD $60 Buy Now Download free trial version. Try before you buy!

Main features

Dynamic look back period

Adaptive Bollinger Bands changes the look back period dynamically basing on smartly designed adaptive methods. No worry about fixed period any more.

6 adaptive methods

The six adaptive methods are Volatility, Fractal, Swing, Symmetry ZigZag, Up Down Balance, and Variable.
All methods can be configured separately.

7 moving average method

Simple (SMA), exponential (EMA), smoothed (SMMA), linear weighted (LWMA), volume weighted (VWMA), double EMA (DEMA), and triple EMA (TEMA).

7 price types

The seven price types, close, open, high, low, median, typical, weighted, and John Ehlers RSI smoothing are supported.

More sensitive to market

Adaptive Bollinger Bands is much more sensitive to Forex market condition changes than conventional Bollinger Bands.

True market driven

Adaptive Bollinger Bands automatically detects the best look back period to adapt to the current Forex market conditions.

Shows buy and sell signal arrows

The signal arrows can be displayed on the bar chart. It's configurable. Don't miss any trade opportunity.

Generates alerts for the signals

Triggers alerts when the value crosses high/low/middle levels. Support mobile push notification.

No repaints, no recalculation

The indicator value will not change after a bar completes. The indicator doesn't cheat, it works honestly for you.

4 and 5 digits brokers

The indicator automatically detects and handles 4 and 5 digits brokers.

Displays the look back

The look back periods are displayed in Adaptive Bollinger Bands.

High quality

The indicator is written in C++, highly optimized and well tested.

The looking of Adaptive Bollinger Bands

The blue line is the standard Bollinger Bands1. The red line is Adaptive Bollinger Bands with volatility based look back.

Want to see more screenshots? Click to view more!

1, If you are not familiar with how conventional Bollinger Bands works, please check on https://en.wikipedia.org/wiki/Bollinger_Bands, and http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

How is the look back period determined

There are six adaptive methods in Adaptive Bollinger Bands, all works in the similar way. In ranging, sideways, swing, choppy, and oscillating market, the look back period tends to be shorter. In trending market, the period tends to be longer. The stronger trend, the longer period. The weaker trend, the shorter period. With this mechanism, in trending market, Adaptive Bollinger Bands is less likely to change its direction so we can ride on the trend for longer time. And in ranging market, Adaptive Bollinger Bands will change its direction more often so that we can either catch the upcoming trend early or catch each reversals in the market.

How to use Adaptive Bollinger Bands indicator

Since Adaptive Bollinger Bands is more sensitive to market condition change than conventional Bollinger Bands, Adaptive Bollinger Bands is a better indicator for detecting over bought and over sold. I personally don't recommend to use Adaptive Bollinger Bands as the only indicator for entry/exit. It should be used together with other indicators or price action. More strategies are waiting for you to research.

What are the six adaptive methods

The six adaptive methods are Volatility, Fractal, Swing, Symmetry ZigZag, Up Down Balance, and Variable. All methods work the similar way but the underlying algorithm is quite different. All methods can be configured separately.

Frequently asked questions

Q: Why the indicator failed to load and log message “DLL must be enabled”?

A: Adaptive Bollinger Bands is written in C++ and use Windows DLLs, so DLL must be enabled to make the indicator work. Read this blog to learn how to enable DLL in MT4.

The DLL used in Adaptive Bollinger Bands indicator is as safe as all other MT4 indicators written in MQL. The DLL only accesses data in MT4 sandbox.

Q: There are plenty of MT4 indicators sold in price $20~$30, isn't Adaptive Bollinger Bands too expensive?

A: Definitely no. There are 6 adaptive methods in the indicator. Other vendor may create a single indicator for each method and sell it for $30, then to collect all 6 methods you need to pay $30*6=180. I have to say, the price of Adaptive Bollinger Bands is too inexpensive, and the price may raise in the future.