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.