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Bollinger Bands Buy/ Sell Zone Forex Metatrader 4 Indicator
The Bollinger Bands Buy/Sell Zone MT4 indicator displays interesting zones where to buy and sell Forex pairs easily for daily pips.
The indicator consists of a middle band and two outer Bollinger Bands.
You can use this indicator for scalping, day trading and swing trading purposes.
In the upper right part of the activity chart, the indicator gives you all Bollinger Bands info in numbers and updates in real-time with every tick.
- When the bands are sloping up, the market is in an uptrend.
- When the bands are sloping down, the market is in a downtrend.
- The Crimson colored part above the middle Bollinger Band is called the buy zone.
- The RoyalBlue colored part below the middle Bollinger Band is called the sell zone.
Read below how to open buy and sell trades with the Bollinger Bands Buy/Sell Zone technical indicator.
Feel free to explore the MT4 indicator’s different parameters and settings to create your own personalized indicator setup.
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Bollinger Bands Buy/Sell Zone Forex Indicator Chart
Here’s an example (AUD/USD H1 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
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