Bollinger Band Strategy Summary

Bollinger Band is a popular technical analysis indicator that can be used in various ways.

However, like most indicators it should not be used alone. Bollinger bands indicator work best combined with overbought & oversold indicators & oscillators.

Since Bollinger Bands uses price volatility to identify the trend, Index traders shouldn't use indicators that duplicate this analysis. Instead the Bollinger bands indicator should be combined with indicators that measure volume or energy.

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