$8.90

Download Now
Sold by egyptain1970 on Tradebit
The world's largest download marketplace
3,246,595 satisfied buyers
Shopper Award

Forex Swing Trading Indicator

It may make an excellent swing indicator as it gives quite a bit of room for trends to develop. It is slower than other trailing line indicators like the Supertrend indicator. The indicator is simply the outer Bollinger bands but the differences between this and normal bollinger band are:-

1) Only one of the bands is drawn at any give time. In downtrends it is the the one above and in uptrends it is the one above.

2) Once the line as made a new low (in a downtrend) and a new high (in an uptrend) it does not print higher or lower respectively until the trend is broken. Thus a normal bolly band may rise at points in a downtrend but this indicator will just keep plotting a sideways line until the bollinger band makes a new low.

This metatrader indicator can be used on 4hr charts although the one above is a 1 Day chart and could help in your swing trading
File Data

This file is sold by egyptain1970, an independent seller on Tradebit.

File Size 1 megabytes
File Type ZIP
Our Reviews
© Tradebit 2004-2024
All files are property of their respective owners
Questions about this file? Contact egyptain1970
DMCA/Copyright or marketplace issues? Contact Tradebit