The trading signals (buy / sell) generated are calculated on the basis of a stock indicator BBand Stop.
The stock indicator Bollinger Bands BBands Stop or Stop is based on the classic indicator Bollinger Bands.
The indicator allows the trader to determine the direction of the trend (bullish or bearish) while taking into account market volatility
. The Bband Stop following the highest of the lower Bollinger Band when the prices goes up
. The Bband Stop follows the lowest in the upper Bollinger band when the prices down
The color histogram 4 time frame BB Stops nmc determines two different market conditions: bull market, bear market.
Using multiple time frame to identify the general trend of short-term market and the long term and help to anticipate the entry points and exit the trade with a global vision of the market.
If the signals correspond to the different time frame, the trading signal is stronger and more reliable.
Time Frame
M1 - 1 minute (60 seconds)
M5 - 5 Minutes
M15 - 15 Minutes
M30 - 30 Minutes
H1 - 1 Hour
H4 - 4 Hours
D1 - Daily
W1 - Weekly
MN1 - Monthly
A signal alert is provided when the trading signals correspond to the four different time frames.
Compatible version Metatrader MT4 Build B600 and (nmc: New metatrader compliant)
included
4 time frame BB Stops nmc.mq4
Broker Online - Broker Stock Exchange : Trading Platform Metatrader MT4
Interpretation Rules - Signals From Trading
* Buy signal: Pressure buyer
. Formation of a square 4 time frame BB Stops positive green: the price is above the BBands Stop - Trend bullish on the corresponding time frame
. All squares are positive - Strong uptrend
* Sale signal : Pressure saleswoman
. Formation of a square 4 time frame BB Stops negative red: the price is below the BBands Stop - Trend bearish on the corresponding time frame
. All squares are negative - Strong bearish trend
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time unit UT - time Frame: 4 hours - H4
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