The Price Bands indicator is a MetaTrader 4 (MT4) indicator that can be used with any Forex Trading System for extra confirmation to enter or exit a trade. It helps you identify whether a price is relatively high or low compared to its recent average and predict when it might rise or fall back to that level. This will help you decide when to buy or sell an asset. This indicator works with all currency pairs and all timeframes. Once you download and install the indicator, it will appear in your trading chart, like the image shown above.
Price Bands Indicator
