Why do we need that?
- Determine the entry point.
How to use?
- Select "Bollinger Bands" from the list of indicators.
Bollinger Bands represent 3 lines on the price chart, which can narrow or widen depending on market volatility. When the market is quiet, Bollingerr Bands narrows, but when there are abnormal price spikes, the Bollinger Band will widen.
The yellow center line is a simple moving average with period 20. The other two lines are movement are indicators.
Bollinger Bands Strategy
"Bollinger Bands" is a trading strategy aimed at establishing trend reversals and price retreats to the average price level.
Simple pattern:
- Apply the Bollinger Bands indicator to the indicator.
- Wait for the candle to penetrate above / below the Bollinger Band above or below.
- If the candle closes above the Bollinger band, this will indicate a signal that the price will soon decline and return to its average - buy a put option.
- If the candle closes below the Bollinger band, this will indicate a signal that the price will immediately decline and return to the call option average.
You need to mix it with other indicators to get more accurate results.
IF YOU NEED A TRADING ROBOT PLEASE LOOK UNDER ARTICLES OR IN THE ROBOT STORE MENU
IF YOU NEED A TRADING ROBOT PLEASE LOOK UNDER ARTICLES OR IN THE ROBOT STORE MENU