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.
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.
Currency pairs: any
Preferred Time frames: Suitable for 1 min charts up to the weekly charts.
Configurable Indicator Options