Doda-Bollinger Bands MT4 indicator

Doda-Bollinger Bands MT4 indicator

The Doda BB Bands indicator generates buy and sell signals based on the original Bollinger Bands indicator. Red dots mean bearish trend while blue dots mean bullish trend.

Trading Signals

BUY:  Buy when price closes above red line and you see blue line. .  In uptrends, Go long at the first blue dot and trail your stop-loss below the blue rising dots to lock in profits.

SELL:  Sell when price closes below blue line and you see red line. In Downtrend , Go short at the first red dot and trail your stop-loss above the red falling dots to lock in profits.

Works best on higher time frame like H4

Download

http://www.mql5.com/en/code/10104