Free Forex Indicators (MT4), Trend Following Indicators

BB Stops RSI Super Smooth

BB Stops RSI Super Smooth is a combination of RSI and Bollinger Bands Stops, used to identify the potential swing areas of the market. It applies a crossover system that signals for potential changes in market momentum. The signals are demonstrated in a pretty simple way thus easier to understand and apply for trading.

BB Stops RSI Super Smooth can be used for both intraday and scalping purposes, therefore, it suits well with all sorts of timeframe charts. Besides, this indicator can be applied to trade all kinds of forex currency pairs in the market.

BB Stops RSI Super Smooth Overview

Download and install the indicator on your MT4 terminal. Once you’re done, load it and find your trading chart like the following image:

BB Stops RSI Super Smooth Overview

BB Stops RSI Super Smooth Explanation

BB Stops RSI Super Smooth plots crossover in between BB Stops and RSX in order to plot the trading signals. RSX moves above the BB Stops mean it is a bullish crossover. On the other hand, BB Stops moves above RSX when it is a bearish crossover.

BB Stops RSI Super Smooth Explantion

Crossover signals opposite to your opened positions should be considered as trade exit signals. These crossover signals are pretty easy to understand and offer good advantages, especially for the newbie traders.

Also Read: XM Broker Review

BB Stops RSI: Buy Conditions

BB Stops RSI Buy Parameters
  • RSX moves above BB Stops
  • Price breaks above its current range
  • A buy can be triggered when the above conditions are met
  • Set stop loss below the current market low
  • Exit long/take profit whenever RSX moves below the BB Stop level

BB Stops RSI: Sell Conditions

BB Stops RSI Sell Parameters
  • RSX moves below BB Stops
  • Price breaks below its current range
  • A sell can be triggered when the above conditions are met
  • Set stop loss above the current market high
  • Exit short/take profit whenever RSX moves above the BB Stop level
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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.