How To Apply Bollinger Bands® With Metatrader 4: Editing Bollinger Bands®
  1. How To Apply Bollinger Bands® With Metatrader 4: Introduction
  2. How To Apply Bollinger Bands® With Metatrader 4: Understanding Bollinger Bands®
  3. How To Apply Bollinger Bands® With Metatrader 4: Using Bollinger Bands®
  4. How To Apply Bollinger Bands® With Metatrader 4: Customizing Bollinger Bands®
  5. How To Apply Bollinger Bands® With Metatrader 4: Editing Bollinger Bands®

How To Apply Bollinger Bands® With Metatrader 4: Editing Bollinger Bands®

Pressing CTRL + I on the computer keyboard will open a window that lists all indicators on the active chart, as shown in Figure 8. To change the inputs for Bollinger Bands® (or any other indicator), highlight Bollinger Bands® and click "Edit." This action will open the same window that was used to identify the original inputs, including the tabs for Parameters, Levels and Visualization. Make any desired changes and click "OK" to close the window. The new inputs will be reflected in the Bollinger Bands® indicator.

SEE: Profiting From The Bollinger Squeeze

Figure 8: Press CTRL + I on the computer keyboard, highlight Bollinger Bands® and Click "Edit" to modify the indicator\'s settings.

Deleting Bollinger Bands®
To remove Bollinger Bands® from a price chart:

  • Press CTRL + I on the computer keyboard, highlight Bollinger Bands® and click "Delete"; or
  • Right-click the indicator within the price chart and select "Delete Indicator," as shown in Figure 9. The indicator will be removed without a prompt or any further action.

Figure 9: To remove Bollinger Bands® from a price chart, right-click on the indicator and select "Delete Indicator."


Conclusion
The MetaTrader 4 trading platform supports the use of dozens of traditional and an unlimited number of custom indicators. Each indicator typically has multiple customization inputs, allowing traders to define both the appearance and performance functions of the indicator. The Bollinger Bands® technical indicator is both popular and effective because its adaptive calculations react quickly to changing market conditions. As with any technical indicator, the Bollinger Bands® settings need to be optimized for the particular instrument, timeframe and user's trading style.

  1. How To Apply Bollinger Bands® With Metatrader 4: Introduction
  2. How To Apply Bollinger Bands® With Metatrader 4: Understanding Bollinger Bands®
  3. How To Apply Bollinger Bands® With Metatrader 4: Using Bollinger Bands®
  4. How To Apply Bollinger Bands® With Metatrader 4: Customizing Bollinger Bands®
  5. How To Apply Bollinger Bands® With Metatrader 4: Editing Bollinger Bands®
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  4. Crossover

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RELATED FAQS
  1. Are Bollinger Bands® useful for analyzing securities with very low volatility?

    Learn more about Bollinger Bands, a tool based on standard deviations of moving average that can be applied to both high ... Read Answer >>
  2. Who created Bollinger Bands®?

    Learn about John Bollinger and his widely followed indicator, Bollinger Bands. Explore how traders interpret the different ... Read Answer >>
  3. Are Bollinger Bands® useful for analyzing highly volatile securities?

    Discover how the dynamic nature of Bollinger Bands makes them a very useful indicator for securities that have historically ... Read Answer >>
  4. How do I create a trading strategy with Bollinger Bands® and the MACD?

    Learn how to establish profitable trading strategies using technical trader favorites such as Bollinger Bands and the moving ... Read Answer >>
  5. Are Bollinger Bands® used for investing or trading?

    Find out how investors or traders would use Bollinger Bands and why they are more useful for technical traders than long-term ... Read Answer >>
  6. How are Bollinger Bands® used in forex trading?

    Use Bollinger Bands in forex trading to identify entry and exit points with ranging trends or to spot increasing volatility ... Read Answer >>

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