Asymmetric Bands Indicator

Platform: MT4 Type: Channel

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Last update: October 13, 2024

The Asymmetric Bands Indicator is a custom forex tool that works in a similar manner to the Bollinger Bands, but there is a meaningful difference. This indicator uses asymmetric bands instead of equidistant ones.

When the price is above average, then the lower band is narrowed. Similarly, when the price is below average, then the upper band is narrowed.

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