Bollinger Squeeze + MACD (MT4)

Bollinger Squeeze + MACD combines volatility contraction/expansion from Bollinger Bands with MACD momentum to time clean breakouts, pullbacks and continuations in MetaTrader 4.

What it shows

• Bollinger Bands with squeeze detection (band width contraction).
• MACD line / signal / histogram to confirm direction and strength.
• (Optional) arrows/alerts — first close outside the bands, squeeze exit, MACD line–signal crosses and zero‑line flips.

Trade ideas

1. Squeeze → breakout + MACD confirm: after a squeeze, trade the first close outside when MACD histogram > 0 for longs (or < 0 for shorts).
2. Fakeout filter: require MACD line above signal (long) or below (short) at the breakout bar; skip otherwise.
3. Breakout pullback: enter on retests of the mid‑band while MACD stays on the breakout side.
4. (Optional) Divergences: fade late pushes when price makes HH/LL but MACD fails to confirm.

Inputs that matter

• Band period / deviation — squeeze sensitivity vs width.
• MACD fast / slow / signal — responsiveness vs smoothness.
• Squeeze threshold — minimum band width for a valid squeeze.
• Alerts — band break/touch, squeeze exit, MACD cross/zero.
• Colors/widths — quick visual read.

Suggested usage

• M5–M15: intraday squeeze breakouts with MACD filter.
• M30–H4: swing continuations; pullback + MACD alignment.
• Daily+: regime/bias read and risk tilt.

Installation (MT4)

1. Open MetaTrader 4 → File → Open Data Folder.
2. Copy bollinger-squeeze-with-macd.ex4 to MQL4/Indicators.
3. Restart MT4 (or refresh Navigator) and attach Bollinger Squeeze + MACD.
4. Tweak inputs → OK.

FAQ

Does it repaint? No on closed bars; MTF buffers (if present) update on their source TF’s close.
Use in EAs? Yes, via iCustom.
Markets? FX, indices, metals, crypto — anything on MT4.

Disclaimer: Test on a demo account first; risk management is essential.