Place Bollinger Bands Indicator on Forex Chart on MetaTrader 4

This Tutorial will explain how to place the Bollinger Bands Indicator on Forex Chart in the MT4 Platform. For technical analysis: Technical Analysis of Bollinger Bands.

How to Place Forex Indicators on MetaTrader 4 FX Trading Charts

Step 1: Open The Navigator Window on Forex Trading Software

Open Navigator window as shown & illustrated below: Go to 'View' menu (click on it), then choose 'Navigator' window (click), or From Standard Toolbar click the 'Navigator' button or press keyboard short cut keys 'Ctrl+N'

On Navigator window, choose 'Indicators', (Double-Click)

Step 2: Expand the FX Indicators Menu on the Navigator

Expand the indicator menu by clicking the expand button key mark (+) or double-click the 'indicators' menu, after that, this button will then now appear as (-) & will now show as a list as shown below.

From Above window you can then place any indicator you want on the forex chart.

Placing Bollinger Bands

Step 1: Select the Bollinger Bands button on the MT4 list of indicators as shown below:

Step 2: Double click Bollinger Bands Button, & click okay to insert the indicator on forex chart as shown & illustrated below:

Edit FX Indicator Settings

To Change Settings, right click in Bollinger Bands, choose properties and then edit settings using pop-up menu that pops and click ok button after you've changed settings.

The following popup appears & Bollinger Band settings can be edited from this popup window.