Buy/Sell Asymmetric Forex Bands Scalping Indicator For MT4
The buy/sell Asymmetric Forex bands scalping indicator follows market dynamics in real-time.
The indicator provides winning scalping signals in both rising and falling currency markets.
You can scalp multiple times a day with this indicator.
The Asymmetric Forex bands indicator is composed of 3 dynamic bands (upper, middle, lower), similar to the traditional Bollinger Bands indicator.
Take profit with the Asymmetric Forex scalping indicator is also very easy.
The basics of the Asymmetric Forex bands indicator goes as follows:
- The overall trend is up when the bands slope up.
- The overall trend is down when the bands slope down.
Read more below how you can open and close trades with it for daily profit.
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Buy/Sell Asymmetric Forex Bands Scalping Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With The Buy/Sell Asymmetric Forex Bands Scalping Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy scalping trade when price touches the lower green band and the bands are sloping up (bullish market).
Place initial stop loss below immediate support, or use your own stop loss placement method.
Close the buy scalping trade at the upper red band (resistance).
Sell Trigger: Open a sell scalping trade when price touches the upper red band and the bands are sloping down (bearish market).
Place initial stop loss above immediate resistance, or use your own stop loss placement method.
Close the sell scalping trade at the lower green band (support).
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Bands period, bands method, bands price, bands deviations, show middle, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: bands
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.