Bollinger Bands Forex Trading Strategy Summary
Bollinger Bands forex indicator is a popular technical analysis indicator that can be used in various ways.
However, like most forex indicators it should not be used alone. Bollinger bands forex indicator work best combined with overbought and oversold forex indicators and oscillators.
Since Bollinger Bands uses forex price volatility to determine the forex market trend, forex traders should not use technical indicators that duplicate this information. Instead the Bollinger bands forex technical indicator should combined with forex technical indicators that measure volume or momentum.