|Event Date||Mon Mar 30 EDT (almost 2 years ago)|
Bollinger bands are used to measure a market’s volatility. Basically, this easy to learn indicator tells us whether the market is quiet or whether the market is volatile. When the market is quiet, the bands contract; and when the market is crazy, the bands expand. There are many ways to apply Bollinger Bands to your trading. It is said that everything you need to know about price action is contained within the bands.
You can use the bands to find entry points, exit points to set your stop loss and to calculate your risk/reward ratio. This indicator is said to be magical. It has withstood the test of time to be one of the most widely used indicators for online traders
Director of Investors Trading Academy