Bollinger Bands Divergence Indicator
BollingerBands Divergence Generation III is modern indicator with complex mathematic algorithm (BJF Trading Group innovation). You will see divergenses on the chart and indicator. Arrows painted above/below the open bar and not in the past. You can see when actually you can trade. It is never to late! Signals based on closed bars so the arrows above/below open bar never disappear.
Bollinger Bands Indicator shows fractal divergence by Bollinger Bands indicator . When divergence arises between Bollinger Bands MT4 indicator and the price it means forthcoming end of current trend. The signal to buy comes when new Low-fractal is below the previous one, and corresponding Bollinger Bands meaning is above the previous one The signal to sell comes when new Up-fractal is above the previous one and the corresponding Bollinger Bands meaning is below the previous one. The indicator has a lot of customizable settings.