BBand Stop Alert signal indicator visually similar to the Parabolic SAR trend indicator, but its calculations are based on the standard indicator of the MetaTrader 4 platform Bollinger Bands.
BBand Stop Alert indicator marks the areas of upward and downward trends, at the points of reversal it gives a signal to enter the market in the form of arrows of the corresponding color and direction and sound alerts.
According to ForTrader.org experts, BBand Stop Alert signal indicator can be used in trade in several ways:
- As a source of trading signals. In this case, its signals must be filtered by other technical indicators.
- As a trend filter. In areas of a downtrend - only sell, in areas of an uptrend - only buy.