BBSqueeze Dark Indicator

The indicator starts below the main chart window and is very simple to use.

There are 2 steps to take signals via this indicator.

1. Step 1: See the zero line. It consists of either Red dot or a Green dot. If it is a Green dot, it’s time to take action. Now, action (buy or sell) has been defined in step 2 below. If it’s Red dot, do nothing and stay away. Just hold your position.
2. Step 2: If you see a green dot in the zero lines, it’s time to either Buy or Sell. For that, see the histogram lines, which are either on above zero lines (blue lines) or below zero lines (red lines). Just buy on the blue histogram and sell on the red histogram.

In a summary, take a long position when you see a green dot on zero line AND blue histogram lines.

And sell your position, when you see a green dot on zero line AND red histogram lines.

Recommendations:

Please note that I’m not the developer of this indicator. Just sharing with you from my indicators library. So, all the copyrights and credits go to the original developer.

I’ve tested it on different currency pairs and time frame. It works everywhere but gives the best results in a high time frame like H4. It’s always better to trade on the H4 time frame to avoid the volatility of the market and false signals.

You can check more examples of this indicator on my website.