Doda BBands Metatrader 4 Indicator

The Doda BBands indicator generates buy and sell signals based on the original Bollinger Bands indicator. Red dots mean bearish trend while blue dots mean bullish trend.

Trading Signals

BUY: In uptrends: Go long at the first blue dot and trail your stop-loss below the blue rising dots to lock in profits.
SELL: In downtrends: Go short at the first red dot and trail your stop-loss above the red falling dots to lock in profits.

Use in conjunction with trend analysis indicators/tools to determine the primary trend. Avoid trading against the primary trend.