As a Professional Foreign exchange trader this is probably one of the most greatest Forex trading indicators I have discovered. Bollinger bands is known as a general Forex trading device type, which facilitates in discovering the fluctuation change points and then calculating the present trend's strength. Because of Bollinger bands indicator is lagging action, it fit in the category of trend following trading indicators. When stocks are trending, Bollinger bands indicator work well. Though, when stocks are not trending bollinger bands can give confusing alerts. A contrast of bands indicator and also other trading tool could be that the bands sees on the market direction quicker than different indicator.
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