BBWin Indicator

BBWin Indicator

The BBWin indicator for MT4 is a custom Bollinger Bands indicator that displays the trend direction in a separate window below the chart.

The BBWin indicator for MT4 is an optimized Bollinger Bands indicator optimized to work on a separate window below the chart. Besides, it also comes with a trend analyzer that shows the trend direction of the market.

Further, it is worth noting that the indicator delivers more reliable trade signals on the H1 and H4 timeframes. Thus, it is suited for day/intraday forex traders. Nonetheless, scalpers may also use it on the M15 and M30 time frames to find short trading opportunities.

However, the indicator’s signal should be in sync with price action/other technical indicators before making a trade decision.

BBWin Indicator Features

The BBWin indicator is optimized to display the trend direction of the market in a separate window. It comes with a green line, which shows the main trend direction; therefore, the position of the green line above or below the 0.00 zone defines the trend bias.

So, a financial instrument is bullish whenever the green line is above the 0.00 level of the indicator. Similarly, when the green line is below the 0.00 level, it depicts an asset is in a bearish trend.

Furthermore, the indicator supports the customization of its parameters by users. This feature enables forex traders to explore the indicator using different periods and settings.

Benefits of using the indicator
Trade Confluence: One of the benefits of using the BBWin indicator is that it can be superimposed directly on other technical indicators (e.g., MACD) to generate high-probability trade setups.
Chart-friendly: This indicator makes it convenient for forex traders to carry out technical analysis on the chart while using it. This is in contrast to the regular Bollinger Bands indicator that covers the candlesticks on the chart.