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The RBGB is one of the strength indicators, the essence of which is not to determine the points where the established trend is reversed, but the points where the balance of power changes and the other side takes the reins.
In practice, this then means that traders do not enter positions at the beginning of trends, but only when the new direction is still confirmed by trading strength, which in many cases, especially in smaller corrections, can greatly eliminate many erroneous trading entries.
- An indicator of the balance of power between bulls and bears
- User difficulty: simple
- Usability: Forex, Commodities
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
Even a complete beginner can trade with RBGB, as the current trend direction is determined by the line that is above at the moment. That is, if the green line of the indicator is higher, then bulls rule the market and the price is rising (opportunity for long entries), but if the red line is higher, then bears rule the market and the price is falling (opportunity for short entries).
Download RBGB from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.
