Bollinger Bands are widely used by many professional traders for trading all types of instruments, including forex, stocks and future etc. The most widely use of Bollinger Bands is to determine the volatility of the market and determining the entry and exit points based on trend changes.
The TFX Bollinger Trend indicator is a unique and powerful Trend Indicator which utilizes the strength of Bollinger Bands and TFX Proprietary formula for precisely predicting the trend changes in the market. It is a Non-Repainting Trend Indicator which can be used in many strategies of Trading.
Features
– Display Trend changes precisely for right entry and exit price points.
– Utilizes Bollinger Bands formula + TFX Proprietary formula for trend changes.
– Can be used on any time frame.
– Non-Repainting trend direction display.
How to trade using Bollinger Trend indicator
The Bollinger Trend indicator can be used either alone or in combination with other indicators like RSI and Supply and Demand for adding more confluence to the entry point.
- Wait for the Bollinger Trend to change color [Always wait for the candle to close to make sure direction is confirmed.
- Enter the trade based on your favorite setup.
- Exit the trade as soon as the trend changes again and Bollinger Trend shows that by changing the color of the Trend.
