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This great indicator is heavily used by traders. It is based on the Bollinger Band formula, however, this tool literally highlights the Buy and Sell zones for you directly on your chart. When the market is in the green zone, it signals a buy trade and if the market is it the red zone, it signals a sell. With this indicator, it’s better to confirm the trade with other signals. You will learn about that as we go along. Look at the chart below. There are two ways of trading the Buy-Sell Zone, however, the best way is to wait for a bounce and reversal from the top or bottom line and enter as the market crosses the middle line. So If you are to enter a buy trade, then wait for the market to bounce from the bottom line and only enter when the market crosses the middle line to enter the buy zone. If you are to enter a sell trade, then wait for the market to bounce off the top line and only enter when the market crosses the middle line and enters the sell zone.
