Bollinger Bands Trading Strategy Summary
Bollinger Bands indicator is a popular technical analysis indicator which can be used in various ways.
However, like most indicators it shouldn't be used alone. Bollinger bands indicator work best combined with overbought & oversold indicators and oscillators.
Since Bollinger Band uses price volatility to identify the price trend, traders shouldn't use technical indicators that duplicate this analysis. Instead the Bollinger bands indicator should combined with trading indicators that measure volume or energy.
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