BBsqueeze Dark Forex Indicator is a very simple forex trading indicator. If this indicator is properly used and combined with other indicators, it can be really rewarding for you. It’s very crucial to use other indicators with this to make fruitful profits. If you are a price action trader you might not need other indicators because price action traders study the swings and moves of the price rather than depending upon certain indicators. If you come to a trading decision by your price action analysis you can use this indicator to confirm your trades.
The BBSqueeze dark indicator is very simple to install in your metatrader platform. When you install your indicator in your trading platform, your chart should look like this:
This indicator is nothing more than a blue and red histogram that moves in positive and negative territory respectively. Simply to understand, when the histogram is in positive territory, you should be looking for the buying opportunities and when you see histogram in the negative territory, you should be looking for the selling opportunities.
Buying Conditions Using BBSqueeze Dark indicator.
– Market should be up trending.
– The BBSqueeze indicator should be in positive territory.
– Place your long position as soon as above conditions are met.
– Place your stop loss just below the recent swing low.
– Take your profit when the BBSqueeze indicator dives into the negative territory.
Selling Conditions Using BBSqueeze Dark indicator.
– Market should be down trending.
– The BBSqueeze indicator should be in negative territory.
– Place your short position as soon as above conditions are met.
– Place your stop loss just above the recent swing high.
– Take your profit when the BBSqueeze indicator rises to the positive territory.
Forex Indicators Download – Instructions
BBsqueeze Dark Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
BBsqueeze Dark Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install BBsqueeze Dark Forex Indicator.mq4?
- Download BBsqueeze Dark Forex Indicator.mq4
- Copy BBsqueeze Dark Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on BBsqueeze Dark Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator BBsqueeze Dark Forex Indicator.mq4 is available on your Chart
How to remove BBsqueeze Dark Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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