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Home Forex MT4 Indicators Bollinger Squeeze V4

Bollinger Squeeze V4

Bollinger Squeeze V4 is a simple forex indicator. It is based on bollinger bands and displays as histogram in separate window below main chart. Trading decisions of buying or selling are made on the basis of histogram bars colors and their position (positive or negative).

Rules for opening long trades (BUY):

    • Look for the currency pair which is in clear uptrend.
    • Wait for the green histogram bars.
    • Open a buy position as soon as above conditions are met.
    • Place your stop loss just below the recent swing low.
    • Take your profit when the histogram bars turns red.

Rules for opening short trades (SELL):

    • Look for the currency pair which is in clear downtrend.
    • Wait for the red histogram bars.
    • Open a sell position as soon as above conditions are met.
    • Place your stop loss just above the recent swing high.
    • Take your profit when the histogram bars turns green.

Bollinger Squeeze V4 free download:

LINK

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