Three Bands Forex Trading Indicator

This forex trading indicator consists of an upper band, middle band and lower band. Support can be found at the lower blue band and resistance at the upper red band. Price above the green middle band is considered to be bullish. Price below the green band is considered to be bearish.

Trading Signals

Buy: In an uptrend market(rising bands), wait for the price to move back above the green middle band from below.

Sell: In an downtrend market(falling bands), wait for the price to move back below the green middle band from above.

Indicator Preferences

Currency pairs: any

Preferred Time frames: Suitable for 1 min charts up to the weekly charts.

Sessions: any

Download

Download the i-HighLowMiddle.ex4 indicator.

Configurable Indicator Options

Period, Colors,…

GBP/USD Daily Chart Example

forex-ibands-indicator

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