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Forex Bollinger Bands BUY SELL Zone Indicator


Custom Bollinger Bands BUY SELL Zone MQ4 Indicator – A technical analysis tool that is comprised of three data points that together create an upper and lower trading channel (band) that are two standard deviations from the middle line, which measures the mid-term trend.

Trading NOTES

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Price fluctuations between the upper and lower bands measure volatility and deviation from the 20-day simple moving average.

  • Time Frame: M5 or higher
  • Currency Pairs: Any

 

BUY Rules


  • Price break out the BUY Zone

 

SELL Rules

  • Price break out the SELL Zone

 

Trading NOTES

The bottom or top of the band is likely to provide support or resistance, just like a “horizontal” support or resistance level.

In many cases, support or resistance can also be found at the 20-period moving average, which marks the center of the band.

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READ  Forex MA Channel Trading Indicator & Template

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