Renko 22 Bollinger Band Indicator (MT4)

Clear Renko entries. Pre-set and ready. For MetaTrader 4.

The Renko 22 Bollinger Band Indicator puts arrows on your Renko chart when price breaks out of a tight 22-period Bollinger Band, with a Williams %R filter that skips signals at extreme levels. You get every buy and sell setup marked on the chart, plus alerts when one appears.

Not ready to buy? Try our free indicators on your own charts first.

How it works

1. Load the indicator on your Renko chart: it comes pre-set (Bollinger Band 22, deviation 0.2, Williams %R 22), nothing to configure.
2. Wait for the signal: a green buy arrow appears when 2 Renko bricks in a row open above the band, a red sell arrow when 2 open below it, and only when Williams %R is between -5 and -95. Popup, sound, push or email alert.
3. Enter at the open of the arrow brick: signals use the brick's open price and the last closed brick, so arrows do not repaint. You choose your own stop loss and take profit to fit your account.

What you get

• Renko 22 Bollinger Band Indicator for MT4 (.ex4 and .mq4 source)
• Buy and sell arrows on the chart, plus the 22 Bollinger Bands
• Popup, sound, push and email alerts
• Adjustable settings: band period and deviation, bricks outside the band, Williams %R period and levels
• Install guide and email support

Instant download after purchase. For MetaTrader 4. Works on Renko charts and regular time charts. Using MetaTrader 5? Get the MT5 version.

Trading involves substantial risk of loss and is not suitable for every investor. Only trade with money you can afford to lose. Past results do not guarantee future results. Educational software, not financial advice.