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Forex Indicator “ForexProfitBoost_2nb”

This indicator is based on Bollinger bands and two moving averages. The indicator is implemented in the shape of the colored histogram.

ForexProfitBoost_2nb is a trend indicator that gives the best results while working with the trend markets. If one applies it to the calm market, then it will give a lot of false signals. It means the filters are needed. The indicator displays the availability and the strength of the trend of the currency pair. Three colors are used to make signals, blue, yellow and red.

The red color signalizes about the availability of the bearish trend. The blue color indicates that bulls are ruling at the market at the moment. The yellow color demonstrates that the current trend is weakening, the possible tendency change, the beginning of the rollback or the flat portion. The more yellow color is on the histogram, the more apparent the change of the trend is. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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