BBSqueeze Dark Indicator – indicator for MetaTrader 4

(In the above image NSE Symbol: NIFTY Future | Time frame:H1)

There are 2 steps to take signals using this indicator.

  1. Step 1: See the zero line. It consists of either Red dot or Green dot. If it is Green dot, it’s time to take action. Now, action (buy or sell) has been defined in step 2 below. If it’s Red dot, do nothing and stay away. Just hold your position.
  2. Step 2: If you see Green dot in zero line, it’s time to either Buy or Sell. For that, see the histogram lines, which are either on above zero line (blue lines) or below zero lines (red lines). Just buy on blue histogram and sell on red histogram.

In a summary, take long position when you see green dot on zero line AND blue histogram lines.

And sell your position, when you see green dot on zero line AND red histogram lines.

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