BBsqueeze Dark is a forex trading indicator. BBSqueeze dark is a very simple forex trading indicator. If this indicator is properly used with combined with other indicators this indicator can be really rewarding for you. At times using only this indicator to make your trading decision might seem silly so 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.
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