Bollinger Band
| Bollinger Bands are a tool designed to aid in the detection of system patterns in pricing. By studying past price movements, Bollinger Bands can help predict future price movements and help traders make decisions about when to buy or sell. Bollinger Bands are based on a simple concept: that prices tend to move in cycles. By looking at past price movements, Bollinger Bands can help predict future price movements and help traders make decisions about when to buy or sell. Bollinger Bands are made up of three parts: an upper band, a lower band, and a middle band. The upper and lower bands are based on standard deviations, which measure how far prices have moved away from the middle band. The middle band is simply a moving average of prices. Bollinger Bands can be used to trade a variety of different markets, including stocks, commodities, and currencies. When trading with Bollinger Bands, it's important to keep in mind that the bands are not a guarantee of future price movements, but simply a tool to help you make more informed decisions. |
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