Buy Sell Strength (BSS) is a technical analysis oscillator, showing bullish (buy) and bearish (sell) strength by comparing upward and downward stock momentum movements.
The BSS is easy to interpret:
1. When BSS Histogram is Green, it is bullish, when it is Red, it is bearish.
2. BSS is considered overbought when it is closer to Top Line and oversold when it is closer to Bottom Line.
3. When it shows Buy signal near the Bottom line, it is a more reliable signal. That time a BUY order should generate &
When it shows Sell signal near the Top line, it is a more reliable signal. That time a SELL order should generate.
Refer below link for BSS indicators detail
https://www.mql5.com/en/market/product/33921?source=Site+Market+MT5+Search+Rating006%3aBSS#description
Trading Signals:
BUY signal - When it shows Buy signal near the Bottom line, it is a more reliable signal. That time a BUY order should generate
SELL signal - When it shows Sell signal near the Top line, it is a more reliable signal. That time a SELL order should generate
Positions should closed at opposite signals: Buy positions are closed at Sell signals, and Sell positions are closed at Buy signals.
Close by Take Profit — during position opening, a Take Profit level is set at a fixed distance from the open price, specified in points. The value is set in the InpTakeProfit input parameter
Maximum Risk per trade: 2% of account balance
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