Bollinger Band Strategy Summary

Bollinger Band indicator is a popular technical analysis technical indicator which 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 trading price volatility to determine the market trend, traders should not use indicators that duplicate this information. Instead the Bollinger bands indicator should combined with indicators that measure volume or momentum.