Doda Bollinger Bands Metatrader 4 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.
BUY: In uptrends: Go long at the first blue dot and trail your stop-loss below the blue rising dots to lock in profits.
SELL: In downtrends: Go short at the first red dot and trail your stop-loss above the red falling dots to lock in profits.
Use in conjunction with trend analysis indicators/tools to determine the primary trend. Avoid trading against the primary trend.
EUR/JPY Daily Chart Example