Free Trend Indicator with buy sell points and entry filter
bbsqueeze

Download: bbsqueeze.ex4 ( right click - SAVE AS...) to your mt4/experts/indicators
Timeframes: m5, m15, m30, 1h, 4h
 

Description:

There are 2 steps to take signals via this indicator.

1. Step 1: See the zero line. It consists of either Red dot or Green dot. If it is 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 Green dot in zero line, it’s time to either Buy or Sell. For that, see the histogram lines, which are either on above zero line (blue lines) or below zero lines (red lines). Just buy on blue histogram and sell on red histogram.

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

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

Timeframes: m15, m30, h1, h4
 

Source: Open Forex sources

Kind regards

Karl Dittmann