Warning: Attempt to read property "ID" on null in /home/foreksbp/freeforextool.net/wp-content/themes/sktheme/functions.php on line 252

Warning: Cannot modify header information - headers already sent by (output started at /home/foreksbp/freeforextool.net/wp-content/themes/sktheme/functions.php:252) in /home/foreksbp/freeforextool.net/wp-content/plugins/post-views-counter/includes/class-counter.php on line 461

Price Border Indicator- Free Unlimited Version

July 13, 2020 6470 647

Price Border Indicator plots a 3-band price envelope which is able to identify possible swing high or swing low area of the market. These levels can also be used as dynamic support and resistance of the market. This indicator is also able to define market trends using its mid-band thus, represents itself as a trend-following indicator as well. Its simplicity of use and easier way of expressing the trade signals offers great advantages for the newbie traders.

Price Border Indicator is quite suitable for trading any forex currency pairs available around the financial markets. Furthermore, this indicator fits with all sorts of timeframe charts within the MT4 trading platforms.

Price Border Indicator Overview

After the installation of Price Border Indicator at the MT4 terminal, your chart will appear like the following image:

Price Border Indicator Overview

Price Border Indicator Anatomy

Price Border Indicator Anatomy

Price Border Indicator works mostly like Bollinger Bands. Its lower band represents the oversold condition of the market thus works as dynamic support of the market. The upper band level is considered as the overbought condition of the market and works as the dynamic resistance of the market. The mid-band has been included as the trend decider. Price closing above its level means the market is still in the uptrend and an opposite scenario will represent the validity of the bearish trend of the market.

Price Border Indicator: Trading Rules

Buy Entry

Price Border Buy Entry
  • At least one or two bullish bar forms right above the lower band
  • Trigger the buy entry at the break of the respective signaling bar’s high
  • Set stop loss below the lower band level
  • Hold the long entry if price successfully breaks above the mid-band
  • Exit long/take profit whenever price hits the upper band

Sell Entry

Price Border Sell Entry
  • At least one or two bearish bar forms right below the upper band
  • Trigger the sell entry at the break of the respective signaling bar’s low
  • Set stop loss above the upper band level
  • Hold the short entry if price successfully breaks below the mid-band
  • Exit short/take profit whenever price hits the lower band

Related posts

Scalper XAUUSD EA is a fully automated forex robot specially Read more
FxHedge Fund Strategy V1.0 of USA Bank Academy This is Read more
SilverFox EA is a fully automated Forex EA for MT4 Read more
The minimum deposit is $ 1000 when trading 0.1% per Read more
Contents1 Strategy Forex 15 Min Review2 Best Brokers List3 Strategy Forex 15 Min Read more
Forex arbitrage is a risk-free trading strategy that allows retail forex traders to Read more
FX SCALPER X is a software that automates forex trading Read more
The FX Atom Pro is another forex indicator from Karl Read more
The most profitable Expert Advisor of 2020 Automate Your Forex Read more
FXCORE100 Indicator and Scanner is the 2020 best selling forex scanner Read more
Euro Scalper Pro EA is a profitable and fully automated Read more
0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x