We present to your attention the BB MACD V1.01 indicator which helps to determine the change in the direction of a trend, and also its force. It is placed in the section Indicators - Trend
at the chart of the price it looks as following:
Settings of the indicator:
FastLen - the period of "fast" moving average (with the smallest period) which is used for calculation of points in this indicator.
SlowLen - the period of "slow" moving average (with the biggest period) which is used for calculation of points in this indicator.
Length - the period of moving average and the indicator of standard deviation which are used for calculation of lines in this indicator.
barsCount – on how many bars to represent indications of the indicator
StDv – deviation coefficient.
It is possible to trade as following:
1. We buy if lilac points become green and we sell when green points become lilac, as shown at the pic below:
Also it is necessary to take ito consideration that it is better of all to open a line item when distance between the red and blue line is rather big. It tells us about trend force. We wish you high profit.
This indicator can be discussed at forum