Bollinger bands indicator rules that you can follow as a good practice
1. Reaching the lower bands is not in and of it self a buy signal , and reaching the upper bollinger bands is not in and of itself a sell or short signal
2. Do not make statistical assumptions regarded on the use of the standard deviation calculation of the bollinger bands
3. Simple moving average is used in standard deviation calculation , Bollinger bands indicator forex is based upon a Simple moving average
4. The standard deviation number needs to be added if the average is lengthened
5. The average deployed should not be the right one for crossovers
6. 20 day periods for moving average indicator forex is default parameters of bollinger bands
7. Price moves up to the upper and moves down to the lower bollinger bands
8. Trend continuation signals indicated with closes outside the bollinger bands indicator forex.
9. Bollinger bands forex indicator can also be used to determine the double tops pattern and double bottoms pattern
10. The bollinger bands indicator can used with momentum indicator and volume indicator forex
11. Confirmation of price action is not recommended in bollinger bands indicator because trend and volatility already been deployed in the bollinger bands indicator construction
12. Supporting indicator can be used from volume indicator, momentum indicator and etc.
13. Bollinger bands indicator forex produce a relative definition of high and low
14. High and low can be used to compare forex price action and indicator action to make buy and sell decisions
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1. Reaching the lower bands is not in and of it self a buy signal , and reaching the upper bollinger bands is not in and of itself a sell or short signal
2. Do not make statistical assumptions regarded on the use of the standard deviation calculation of the bollinger bands
3. Simple moving average is used in standard deviation calculation , Bollinger bands indicator forex is based upon a Simple moving average
4. The standard deviation number needs to be added if the average is lengthened
5. The average deployed should not be the right one for crossovers
6. 20 day periods for moving average indicator forex is default parameters of bollinger bands
7. Price moves up to the upper and moves down to the lower bollinger bands
8. Trend continuation signals indicated with closes outside the bollinger bands indicator forex.
9. Bollinger bands forex indicator can also be used to determine the double tops pattern and double bottoms pattern
10. The bollinger bands indicator can used with momentum indicator and volume indicator forex
11. Confirmation of price action is not recommended in bollinger bands indicator because trend and volatility already been deployed in the bollinger bands indicator construction
12. Supporting indicator can be used from volume indicator, momentum indicator and etc.
13. Bollinger bands indicator forex produce a relative definition of high and low
14. High and low can be used to compare forex price action and indicator action to make buy and sell decisions
- Applying Elliott Wave Theory Profitably
- Mt4 Macd Oscillator Indicator Free Download
- Forex Macd And Stochastic A Double Cross Strategy
- Forex Wave Period
- Is The 123 Pattern Forex Indicator The Best Scalping Indicator
Forex is simple follow the trend and you will rich.
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