How to Set MetaTrader 4 Bollinger Band Fib Ratios Indicators in MetaTrader 4 Chart

Step 1: Open MetaTrader 4 Navigator Panel

Open MetaTrader 4 Navigator window as displayed & shown on example put on display below: Go to 'View' menu (click), then select the 'Navigator' panel window (click), or From Standard ToolBar click the 'Navigator' button or press key board MetaTrader 4 short cut keys 'Ctrl+N'

In the MetaTrader 4 Navigator window, select/choose the "Indicators", by Double Clicking

How to Use MT4 Bollinger Band Fib Ratios Indicator on MetaTrader 4

How Do I Use MT4 Bollinger Bands Fib Ratios Indicator on MetaTrader 4 Platform Software?

How to Set Bollinger Band Fib Ratios MT4 Indicator

Expand this menu by pressing the protract button mark "+" or double-click the 'indicators' menu, after that this specified button will appear and be shown as (-) and will now show a list of MT4 indicators like is displayed & shown on example below - select and choose the Bollinger Band Fib Ratios indicator from this list of MT4 indicators so that as you as a trader can add the Bollinger Band Fib Ratios MetaTrader 4 indicator in MT4 chart.

Bollinger Band Fib Ratios MT4 Indicator Settings in the MT4 Software - How Do You Use MetaTrader 4 Bollinger Band Fib Ratios Indicator on MetaTrader 4 Platform Software?

How Do I Use MetaTrader 4 Bollinger Band Fib Ratios Indicator on the MT4 Platform?

How Install and Add Custom Bollinger Band Fib Ratios Indicator on MetaTrader 4 Platform?

If the MetaTrader 4 indicator that you want to add in the MT4 charts is a custom MetaTrader 4 indicator - for example if the Bollinger Band Fibonacci Ratios indicator that you want to add is a custom MT4 indicator you will need to first add this custom Bollinger Band Fib Ratios MetaTrader 4 indicator in MT4 software & then compile custom Bollinger Band Fib Ratios technical indicator so that as the newly added Bollinger Band Fib Ratios MetaTrader 4 custom technical indicator pops up on the list of custom technical indicators in Meta Trader 4.

To learn how to add Bollinger Band Fib Ratios indicators in the MT4 - how do you place Bollinger Band Fib Ratios indicator window to MT4 software? - how do you place Bollinger Band Fib Ratios custom technical indicator on MetaTrader 4 Platform? - How Do I add a custom Bollinger Band Fib Ratios custom indicator in MetaTrader 4 Platform.

How Do You Use Bollinger Band Fib Ratios MT4 Indicator?

Bollinger Band Fib Ratios Technical Indicator Analysis Buy & Sell Signals

Derived from the original and initial Bollinger band.

The Bollinger Fibonacci ratios is a volatility based indicator but it doesn't use the standard deviation to calculate the width of Bollinger band instead it uses a smoothed ATR that's multiplied with Fibonacci ratios of 1.618, 2.618, and 4.236.

The smoothed lines that are multiplied with Fibonacci ratios are then added or subtracted from the Moving Average.

This then forms 3 upper Fibonacci bands and 3 lower Fibonacci bands

The middle band of this indicator forms the basis of the market trend.

How Do I Add MT4 Bollinger Band Fib Ratios Trading Indicator?

How Do You Add MT4 Bollinger Band Fib Ratios Indicators in MetaTrader 4 Chart

How to Generate Buy & Sell Signals

Bollinger Bands Fibonacci Ratios indicator is used to determine point of support & resistance on a trading chart.

Bollinger Bands Fibonacci Ratios indicator lines below represent support levels while those above represent resistance levels.

The Bollinger Band Fib Ratios indicator outermost bands provide the strongest resistance levels & support zones.

The Bollinger Band Fib Ratios indicator inner most bands provide least support and resistance levels.

The Bollinger Band Fib Ratios indicator innermost band represents 38.2% Fib retracement

The Bollinger Band Fib Ratios indicator second band represents 50% Fib retracement

The Bollinger Band Fib Ratios indicator outermost band represents 61.8% Fib retracement

The Bollinger Band Fib Ratios indicator is used to determine points where the price might reverse - (Forex Price Pullback Levels or Price Retracement Levels)

When price touches/tests one of the Bollinger Band Fib Ratios indicator lines and reverses then an entry signal or exit trading signal is generated.

However, it is always good to combine the Bollinger Band Fib Ratios indicator signals with other confirmation indicators like the Moving Average and RSI to confirm the signal generated as is explained on the illustration laid-out below.

Bollinger Band Fib Ratios MT4 Indicator Setting in MetaTrader 4

How Do I Use MetaTrader 4 Bollinger Band Fib Ratios Indicator on the MT4?