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BollingerBands Stops - VertexFX

By edakad, May 26, 2019 in Trading Indicators

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edakad 10

Posted May 26, 2019

Bollinger Bands stops is a trend following indicator. The green line indicates uptrend and red line indicates down trend. When price close above the red line, up trend begins. Buy Positions can be opened immediately or on a pull back to a support level in the new uptrend. The green line can be used as a stop loss. Similarly, when the red line appears, sell positions can be opened immediately or on pullback to resistance with the red line as stop loss. This indicator works best in trending markets, in consolidating markets signals may be not effective.

BollingerBands Stops.zip

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BollingerBands Stops - VertexFX

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edakad 10

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