AdvancedMetaTrader 5 • MQL5

RSI + Bollinger Bands Combo Indicator for MetaTrader 5

Combined RSI and Bollinger Band strategy with entry signals

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About This Indicator

Combines RSI and Bollinger Bands to generate high-probability entry signals. A buy signal fires when price touches the lower Bollinger Band AND RSI is below 30. A sell signal fires at the upper band with RSI above 70.

Key Features

  • Dual-condition buy and sell signals
  • Bollinger Bands plotted on chart
  • RSI confirmation in subwindow
  • Arrow signals on qualifying bars
  • Alert on valid dual-confirmation signal

Frequently Asked Questions

Why combine RSI with Bollinger Bands?

Using two independent indicators for confirmation reduces false signals significantly. Both must agree before a signal is generated.

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